Bitcoin Surges Past $52K on Halving Hopes and Wave of Optimism
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Bitcoin's price has tripled since early 2023 amid optimism over dedicated ETFs and an upcoming halving event.
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Past data shows Bitcoin climbs an average 49% in the 3 months after 4 straight weekly gains, which would put it around $78,000 now.
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Elliott Wave analysis suggests Bitcoin could retreat toward $40,000 before advancing to about $70,000.
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Options market data indicates a 20-25% probability of Bitcoin hitting a new all-time high before the next halving.
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Bitcoin was trading around $52,000 at the time of writing, near its highest level in over 2 years.