Bitcoin: Analyzing why BTC’s peak might be further away than expected
The recent surge in Bitcoin's value, increasing by 4.07% in the past 24 hours to $107,944.92, has put it tantalizingly close to breaking its previous record. However, unlike previous rallies, the current rise in Bitcoin's price appears to be driven by 'whales' and institutional investors, with retail interest at a low, as suggested by Wikipedia search trends for Bitcoin. This divergence from the usual scenario where retail enthusiasm grows with the price has led to speculation about the cryptocurrency's potential for further growth.