Bitcoin has surged more than 129% in the past year, crossing the 100,000 USD threshold. Analysts are now questioning whether this indicates a peak in its current rally or if there remains potential for additional growth before a correction.
Retail investor participation is on the rise, contributing to overall market liquidity despite Bitcoin’s recent price levels. Meanwhile, institutional confidence is evident, especially with MicroStrategy’s significant Bitcoin acquisitions.
Despite entering what appears to be a distribution phase, Bitcoin’s price structure shows ample room for further appreciation. Analysts believe that as long as prices exceed 87,990 USD, the bullish trend may sustain until a market correction is triggered.