The price of Bitcoin has reached a new all-time high of $108,000, with the cryptocurrency seeing significant growth this year. Demand for Bitcoin has been rising while its supply growth has decreased, leading to increased competition with gold for investor attention. Bitcoin's price is expected to continue rising in the long term, driven by demand from governments and corporations. The Federal Reserve's decision on interest rates could affect Bitcoin's price, with a potential pullback to $103,000 following the decision. Technical indicators show bullish trends but also potential for a reversal.



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