Bitcoin has reached a new all-time high surpassing $76,850, which analysts believe signifies ongoing bullish momentum. Factors contributing to this rally include strong inflows into spot Bitcoin ETFs, a break from a prolonged downtrend, and the favorable political climate following a Republican sweep in the U.S. government. Data reveals a historic increase in CME Bitcoin futures trading volume and open interest, indicating heightened institutional interest. Positive sentiment is further supported by expectations of lowered benchmark interest rates from the Federal Reserve. Technical analysis suggests a potential price target ranging from $82,000 to $85,000, with significant buy orders forming at $77,000 to $78,000. As the market anticipates a continuing ascent, the overall landscape remains cautiously optimistic, with little volatility observed during this period of growth. However, potential investors are reminded to conduct thorough research due to inherent trading risks.

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