Bitcoin’s Unstoppable Surge Continues
Bitcoin seems to be unstoppable in its climb towards new heights. Despite warnings of a potential correction, the price of BTC continues to surge upwards.
Corrections are a natural part of the market, and the recent “sell the news” event after the approval of the Spot Bitcoin ETF caused a 21% retrace. While a larger correction would have been healthier, the market has quickly rebounded.
With the influx of money from the Spot Bitcoin ETFs, there is little indication that this ascent will slow down any time soon.
A Different Scenario: Is This Time Different?
It may be starting to look like “this time is different” for Bitcoin. While experienced traders and analysts are usually skeptical of such claims, the significant inflows into the ETFs have changed the narrative.
New All-Time High on the Horizon
Looking at the current and previous bull markets, Bitcoin has reached a key resistance level at $52,700. However, it has already surpassed the major resistances.
If we consider the 35% gain since the previous correction and add it to the current price, we could see a new all-time high by mid-March.
While this may seem unbelievable, it raises the question: is this time truly different for Bitcoin?
Sources: Coingecko/Trading View
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