- Bitcoin sets its latest ATH at $108,268.45.
- BTC price dipped soon after possibly entering another correction phase.
- Google searches for Bitcoin mirror that of before last cycles parabolic run phase.
In a stunning display of bullish capability, Bitcoin (BTC), the pioneer crypto asset went on to set a new ATH for a third day in a row at $108,268.45. Last month, the price of BTC set over 7 new ATHs in under 25 days. This time, analysts expect the pump to continue until it hits highs of $110,000, $125,000, and $135,000.
Bitcoin Sets Latest ATH at $108,268.45
Despite Bitcoin’s bullish momentum, it seems the asset may already be facing another short correction as the price of Bitcoin has dipped to the $104,000 price range. This market reaction is similar to when the BTC set the ATH at $103,000 and then saw the price dip to $95,000. Perhaps after this correction, the price of Bitcoin will soar to $110,000 and above.
This dip following the latest BTC ATH is likely why the Crypto Fear & Greed Index points to a score of 81. While still in the ‘Extreme Greed’ sentiment, this score is significantly lower than the 87 of yesterday. Even if another price dip is underway, the expectations of seasoned analysts to see much higher highs for the coming year remains strong.
BTC May be Facing Another Short Correction
It seems the sentiment is reflecting on a global scale as well. As we can see from the post above, Google searches for Bitcoin are mirroring that of the Google searches for Bitcoin just before the parabolic run of 2021’s bull cycle. The analyst says that the $100,000 of today is the $20,000 of last cycle meaning much greater highs are in store for BTC this cycle.
