Bitcoin (BTC), the largest cryptocurrency in the market, has experienced an extraordinary surge in bullish momentum, breaking previous cycle patterns and achieving an astonishing 60% price increase in the past month. Today, Bitcoin has breached its previous record, reaching a new all-time high (ATH) and currently trading at $69,200.
Bitcoin’s Price Surge
The success of Bitcoin spot ETFs, which have been trading for just over seven weeks, has opened doors for both institutional and retail investors. The SEC’s approval of these investment vehicles has provided a regulated and accessible entry point into the cryptocurrency market. This development has fueled heightened interest and confidence, leading to increased demand for BTC and propelling its price to new heights.
Now, with all signs pointing to further gains for the cryptocurrency, crypto analyst Mark Harvey has made encouraging predictions about Bitcoin’s prospects.
One factor Harvey highlights is the potential
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