Bitcoin is positioned to surge to new all-time highs

$iShares Bitcoin Trust(IBIT)$ Bitcoin is positioned to surge to new all-time highs following last week’s drop to around $60,000. Bitcoin appears to be mirroring its December 2023 to January 2024 price action – when the market anticipated the approval of spot BTC exchange-traded funds (ETFs).

Bitcoin is potentially rallying to new record highs around the halving when BTC miners’ rewards are slashed in half. However, BTC will see a deep correction after the rally before igniting a steep upside move.

Bitcoin emerges as an alternative and the “best tool” for saving in this new economic era compared to traditional assets

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