Bitcoin Soars Past $107,500, Igniting Euphoria Amid Market Speculations

Key Points

1. Bitcoin (BTC) rebounded to $107,766 after a dip to $105,100, while altcoins showed minor gains under 1%.

2. Market analyst Jelle suggests BTC could confirm an upward trend within the next 14 hours, potentially reaching a new all-time high above $112,000.

3. Central banks, including the ECB, have made significant rate cuts, with further reductions planned before year-end.

4. Fed Net Liquidity decreased from $6.2 trillion to $5.84 trillion, but M2 Money Supply hit a record high at $21.94 trillion, indicating available market liquidity.

5. Institutional investors like MSTR and SMLR continue to accumulate BTC, with over 60 companies currently involved and expectations to grow to 600 by next year.