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Bitcoin’s recent surge, fueled by institutional inflows into spot ETFs, has brought it close to its all-time high. Technical analysis suggests a potential 52% rally to $166,000 by September, based on Fibonacci extensions.
- Bitcoin's price surged to $110,386, nearing its all-time high, driven by institutional inflows into spot ETFs.
- Fibonacci extension models predict a 52% rally to $166,000 by September, with past targets like $109,236 already hit.
- The current bull cycle, ongoing since late 2022, has been longer than previous ones, but the $166,000 target remains valid.
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