Bitcoin, the largest cryptocurrency, could soon reach a new all-time high due to its strong correlation with gold. Gold has been booming during times of market instability and has consistently hit new highs. Bitcoin, often referred to as digital gold, has seen consolidation after reaching a new all-time high. However, historical trends suggest that Bitcoin tends to catch up with gold when there is a decoupling between the two assets. Analysts believe that Bitcoin will match gold's recent price performance in the near future, although a specific timeframe is not given. Earlier predictions put Bitcoin's price target for the end of the year between $185,000 and $1 million. Currently, Bitcoin is trading at $98,372.



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