After experiencing a quick rebound, Bitcoin suffered a 6.33% drop due to a bearish swing failure pattern on the daily chart. However, despite this correction, the price of Bitcoin today is still up by -2.34% and has reached a new all-time high of $110,000. This surge in price has put to rest any doubts about a cycle top and has eliminated concerns caused by the weekend crash and FOMO (fear of missing out).
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