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Bitcoin Price Temperature Rises Fast – Still Room Before This Cycle Peaks?

  • Bitcoin price surged past its all-time high, hitting $112,000, and currently holds above $110,000 with strong bullish sentiment.
  • Bitcoin Price Temperature metric is at 2.67 points, indicating potential market overheating, though still below historical averages.
  • Bitcoin's momentum is strong amidst global economic risks, with analysts cautious about the need to clear $115,000 to confirm a new bullish phase.
  • BTC maintains a strong bullish structure on the daily chart, with important support levels at $103,600 and $100,000 as consolidation is expected after the recent surge.

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