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Bitcoin (BTC) has made history once again, setting its latest all-time high (ATH) of $108,268.45, marking the third consecutive day of new highs for the pioneer crypto asset.
While some may be rejoicing at this unprecedented rally, it seems that the cryptocurrency’s price is already showing signs of a healthy correction dip, as the price has dipped to the $104,000 range. This latest ATH comes just a month after Bitcoin set over 7 new ATHs in under 25 days, and analysts are now predicting that the pump may continue until it reaches highs of $110,000, $125,000, or even $135,000.
Despite this correction, one key metric is mirroring the exact same pattern as before the start of the 2021 parabolic run. Google searches for Bitcoin have soared to unprecedented levels, suggesting that the cryptocurrency’s latest rally has sparked a surge in interest and adoption.
This development echoes the sentiment seen during the last bull cycle, where Google searches for Bitcoin mirrored those from before the start of the previous parabolic run. As such, it remains to be seen whether this parallel will continue, but one thing is certain – the crypto market’s attention remains firmly focused on Bitcoin.
As the cryptocurrency continues to shatter records and push the boundaries of what was previously thought possible, many investors are left wondering if this latest surge marks a turning point for the market. While only time will tell, one thing is clear: Bitcoin’s dominance in the space has never been more apparent.
Will this latest ATH mark the beginning of a new bull run, or is this simply a temporary blip on the radar? Only the future holds the answer, but for now, it remains to be seen whether this parallel between Google searches and market sentiment will continue.
Source: cryptonewsland.com
