As of October 2024, Bitcoin is in a strong but somewhat volatile position. The price has recently surged to around $68,000, which reflects a broader market rally, but has also shown fluctuations due to increased volatility and geopolitical factors. Bitcoin's market dominance has reached nearly 59%, the highest since 2021, indicating its continued strength relative to other cryptocurrencies. This rise is largely driven by factors like growing interest in Bitcoin exchange-traded funds (ETFs), which have surpassed $20 billion in inflows. But now, BTC is coming out from the trend line, new ATH is coming?
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