Bitcoin Reaches New All-Time High as Analyst Predicts Recovery

Bitcoin has broken through the $4,500 barrier and surged past a new all-time high, fueled by positive market sentiment and upcoming events like Fed rate cuts. The Bitcoin Hyper ($HYPER) presale, which reached $25 million in fundraising, further contributes to the bullish environment. Crypto expert CrypNuevo believes Bitcoin is on track for a return to pre-crash levels, citing key liquidity zones identified through his analysis. He forecasts potential targets of $121K within days, potentially requiring a revisit of the CME gap around $112K before full recovery. While Bitcoin continues its climb, gold prices have dipped 6% from their October 18th peak, with investors shifting towards Bitcoin as a more dynamic and potentially higher-returning asset.