Bitcoin spikes over $62,000, reviving $100K year-end targets. Analysts attribute the surge to market optimism, short liquidations, and historical BTC cycles.

Bitcoin (BTC) briefly soared above $62,000, reigniting hopes of a $100,000 year-end target. The cryptocurrency’s sharp rise followed a strong rally in U.S. markets, which helped to reverse earlier losses. Analysts cite favorable stock market conditions, liquidated short positions, and Bitcoin's historical market cycles as key factors driving this surge.
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