I honestly never expected Bitcoin to almost surpass the previous ATH within such a short timeframe. On previous speculation threads, a large number of users, including myself, couldn't imagine seeing a new ATH anywhere before late 2024 or early 2025. It seems like everything happened so fast. I was projecting an average price of $50,000 until March or April; it seemed unrealistic to expect something larger than that. Well, I couldn't be more wrong.
We both had the same speculation. When Bitcoin got to 52k, I felt it would linger around that range till the halving, I was so wrong. I'm really surprised Bitcoin is pumping this much, it's been a while since this kind of thing happened with Bitcoin. I'm happy about this anyway.
If the bull run continues till 2025, then the people who speculated a new ATH of $200k may not be wrong, at this rate, BTC will get to $100k this year.
I believe BTC will get to $70k this week and see a new ATH.
I'm curious, though: what's making Bitcoin surge so fast? Is it the upcoming halving, the ETF approval, or possibly both? Even if that's the case, how do you explain such tremendous growth on such short notice?
I think it's both the ETF and the upcoming halving. ETF has created a lot of awareness for Bitcoin in its way and a lot of people are buying because of the fear of missing out. With the Bitcoin price constantly increasing, I believe the demand for Bitcoin will keep increasing and that will in turn keep pushing the price up.