Bitcoin Reaches New Record High, Potential for Further Gains Ahead

Bitcoin has set a new milestone, surpassing $125,700 on Sunday. Analysts foresee further gains in the coming weeks, citing factors like DeFi growth and institutional investment as driving forces behind this surge. Crypto analyst ‘CrediBULL Crypto’ predicts Bitcoin will break through its current level to reach $150,000, while long-term trader ‘Crypto Chase’ echoes the sentiment, anticipating a sustained uptrend with minimal pullbacks. 7% of Bitcoin supply is now held in short positions.