Bitcoin Close to Record High: Are Long-Term Holders Ready for the Challenge?

Bitcoin is inching closer to its all-time high of $111,970, currently trading at around $109,519. While a record milestone appears within reach, analysts caution that Bitcoin’s price may struggle to break through without a significant catalyst driving further growth. Bitfinex, in a Monday report, highlighted the risks of a short-term correction, asserting that the current rally lacks substantial fundamental support.