Bitcoin (BTC) reached a new all-time high on March 14, generating excitement among investors anticipating further price increases.

Data from Cointelegraph Markets Pro and TradingView recorded a new record of $73,794 on Bitstamp.

Bitcoin rebounded strongly, erasing any previous weakness before the Wall Street open.

Popular trader and analyst Rekt Capital noted that Bitcoin successfully retested old All-Time Highs as support.

Excitement surrounding supply trends continued, with a focus on the impact of the United States’ spot Bitcoin exchange-traded funds (ETFs).

According to data from UK-based investment firm Farside, these ETFs saw net inflows of $683.7 billion on March 13, surpassing outflows from the Grayscale Bitcoin Trust (GBTC).

Statistician Willy Woo and ARK Invest’s Cathie Wood suggested that institutional interest in ETFs is just beginning.

Tech firm MicroStrategy, known for having the largest Bitcoin treasury among public companies, announced plans to acquire more than 1% of the total BTC supply.

Despite some uncertainty about sustaining momentum, bullish forecasts for Bitcoin’s price action remained strong.

Charles Edwards from Capriole Investments predicted fresh upside for BTC/USD, emphasizing the potential for a significant move in Bitcoin’s price.

It’s important to note that this article does not provide investment advice. Readers should conduct their own research and consider risks before making any investment decisions.

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