Bitcoin’s Bullish Momentum Soars to 80: Is a Historic Rally in the Cards?

Bitcoin is riding a wave of bullish sentiment, with its Bull Score hitting an impressive 80. This marks a strong indication of positive market conditions and suggests a potential for significant price increases. Reaching a new all-time high at $125,527, Bitcoin’s market cap has exceeded $2.5 trillion, propelled by institutional investors and the continued growth of decentralized finance (DeFi). However, with the Relative Strength Index (RSI) nearing overbought territory, short-term price consolidation might occur before a continued upward trend.