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Bitcoin surged to a new all-time high of $122,838 before consolidating near $118,000. Despite the pause, market sentiment remains bullish, with the Fear & Greed Index indicating greed at 68. Analysts suggest Bitcoin is poised for further upward movement.
- Bitcoin's Fear & Greed Index sits at 68, indicating bullish sentiment but not yet extreme greed.
- The Logarithmic Growth Curve suggests Bitcoin is in a final build-up phase, with a potential peak between $140K-$200K by late 2025.
- Profit-taking briefly dropped Bitcoin to $116K, but it stabilized near $118K, reinforcing strong support levels.
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