Bitcoin has surged to a new record high of over $107,000, and momentum indicators suggest that its current run is not yet over. The Relative Strength Index (RSI) for Bitcoin has not reached the levels seen during previous bull cycles, indicating that there is still room for further growth. Whale transaction data also indicates optimism in the market, as wallets holding between 100 and 1,000 BTC have accumulated over 70,000 BTC, representing a value of $7.28 billion. Historical performance after U.S. elections and projections from Standard Chartered and VanEck suggest that Bitcoin could continue to rise in value next year. However, some experts warn of a potential correction and advise caution.



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