Bitcoin strongly sustaining above its all-time high could be the beginning of a new parabolic price rally going ahead.
Analysts attribute the rally to the soaring demand for physically-backed ETFs amid a low market depth backdrop.
The world’s largest cryptocurrency Bitcoin (BTC) has been on an unstoppable price rally while hitting a new all-time high past $73,000 earlier today, as reported by Crypto News Flash. Market analysts believe that this is just the beginning of a massive parabolic rally for Bitcoin that is in the making.
In recent market analyses, cryptocurrency experts have emphasized Bitcoin’s increasing on-chain metrics, hinting at the possibility of another significant bull run. Notable figures in the crypto analysis community, including on-chain analyst Axel and CryptoQuant CEO Ki Young Ju, have contributed to a growing belief that Bitcoin might be gearing up for its next major price surge.
Axel, known for his insightful analysis of Bitcoin’s on-chain data, drew att

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