Bitcoin Surges to New All-Time High of $124,128 Amid Bullish Forecasts
Bitcoin has recently reached a new all-time high of $124,128, with analysts predicting potential prices exceeding $300,000 by 2026. Key points include:
- Bitcoin's significant rally surpasses previous highs.
- Technical analysis suggests it is in a crucial phase for further price increases.
- Analyst Stockmoney Lizards forecasts a potential price range of $180,000 to $200,000 by early 2026.
- A surge in mainstream retail interest could drive prices beyond $300,000, possibly reaching as high as $350,000.
- The cryptocurrency is up approximately 107% over the past year, influenced by factors like expected Federal Reserve rate cuts and regulatory approvals for cryptocurrencies in retirement plans.
- Current trading price stands at $121,685, following a minor retracement from its recent peak.
