@gumm
As of March 04, 2025, Bitcoin's current price hovers around $95,000, nearing its historical high of $108,135 (December 17, 2024). A breakthrough seems plausible due to several factors. First, institutional adoption, like Bitcoin ETFs and corporate treasury allocations (e.g., MicroStrategy), drives demand. Second, the 2024 halving reduced supply growth, historically fueling rallies. Third, crypto-friendly policies post-Trump’s election boost market sentiment. Global liquidity trends and scarcity amplify this momentum. However, risks like profit-taking, regulatory shifts, or macroeconomic instability could stall it. Technical analysis, such as Elliott Wave patterns and Fibonacci levels, suggests bullish continuation if support holds. While volatility remains, the interplay of supply shock and investor FOMO leans toward a potential new all-time high soon.
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