Bitcoin has surged past $80,000 for the first time, hitting new all-time highs and entering uncharted territory. The world's largest cryptocurrency reached $77,000 on November 9 and continued its upward momentum to surpass $80,000 on November 10 after breaching massive resistance levels. The derivatives market signals heightened optimism, with the annualized premium on three-month Bitcoin futures rising past 14%, the highest since June. Institutional interest is strong, evidenced by $1.6 billion in inflows. PlanB, creator of the stock-to-flow model, projects that Bitcoin could surpass $250,000 in the next few years and possibly reach $1 million, citing historical post-halving trends and scarcity effects. Other analysts predict targets of $100,000 and $150,000 in this cycle. Ethereum is also experiencing a surge, adding to the overall excitement in the cryptocurrency market.