Bitcoin Reaches A New ATH Of $80K! More Room To Rise Further?

In yet another significant milestone, Bitcoin has reached a new all-time high of $80,000. This surge in value comes amidst a boost in trading volume and growing interest from both retail and institutional investors. However, there are varied views on whether the asset will continue to rise or might face a potential correction. With the Bitcoin Fear and Greed Index reaching 78, it implies that there is Extreme Greed among market participants. The CEO of CryptoQuant has pointed out that with 100% of Bitcoin addresses currently in profit, some investors may soon take advantage of the opportunity to sell.