5 reasons why $BTC new ATH is much closer than we think ⤵️:

1. Stock Market Correlation: The S&P 500's recent achievements of new all-time highs highlight a correlation between stock market performance and cryptocurrency momentum.

Historically, gains in the stock market have led to increased investment in cryptocurrencies, suggesting that the current stock market rally could similarly benefit crypto markets, including #Bitcoin.

2. Market Cap Proximity: Bitcoin's market cap is currently only $40 billion short of its previous all-time high.

if we look at the money that even goes into stocks, $META, just one single stock on one single trading day was able to add over $200 billion.

Given the rapid capital inflows into the stock market, and the relatively small scale of the crypto market compared to traditional capital markets, this gap is seen as very doable.

The introduction of ETFs, which attract traditional investment into crypto, is further expected to close this gap.

3. Institutional Inflow: With institutions reportedly investing $4 to $6 billion daily into Bitcoin, the required $40 billion increase in market cap to reach a new all-time high could be achieved within just a few days.

This investment pace supports the possibility of Bitcoin reaching or exceeding its previous peak price of $69,000 in the near term.

4. Market Dynamics: There will be potential volatility, including a possible sell-off, similar to past patterns where Bitcoin experienced a significant drop after reaching all-time highs, only to recover and climb higher.

I expect a potential peak price of $70,000 to $74,000 before a sell-off, with the possibility of rising to $100,000 to $200,000 subsequently.

5. External Factors: Reduced selling pressure from GBTC and the return of funds to FTX account users could further boost Bitcoin buying.

Even google trend searches for Bitcoin and crypto are not at the half way mark of where they were 3 years ago.

We have a long way to go, and the future looks amazing 😍.