Bitcoin Eyeing New All-Time High? Growth Rate Difference Sparks Hopes Of Parabolic Surge

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Bitcoinist 14h ago

Bitcoin Eyeing New All-Time High? Growth Rate Difference Sparks Hopes Of Parabolic Surge - Bitcoinist

Quick Summary:

As the cryptocurrency market continues to steal the spotlight in the financial sector, Bitcoin has surged significantly, reaching a three-month high of $104,916 on Sunday, May 11.

BTC’s renewed bullish movements are reflected in several key metrics as these indicators shifted into positive territory, signaling the continuation of the rally.

In the past, spikes in retail demand have occurred close to market tops, raising concerns about when their enthusiasm will resume.