Bitcoin has reached a new all-time high, surpassing $77,000 and hitting $77.5k this week. The cryptocurrency has also achieved an inflation-adjusted all-time high, marking its first such milestone since 2021. The market is now in price discovery mode, with no past charts to guide future movements. Analysts, including Ki Young Ju from CryptoQuant, expect significant volatility, with potential for both bullish and bearish trends.