Bitcoin has continued to set new all-time highs, with market analysts hesitantly remaining bullish due to three key factors that may impact the future of the rally. An upcoming economic data announcement and Federal Reserve (Fed) rate cut probability may shift market sentiment, potentially triggering a pullback.
Robust spot Bitcoin ETF inflows have helped the BTC price reach record levels and suggest further upward trend, as institutional demand for the flagship crypto grows. A major contribution to the rally has come from MicroStrategy, a company that announced a substantial addition to its Bitcoin reserves, with an aggregate valuation of approximately $11.9 billion.
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