Bitcoin's outlook remains optimistic as it fills a $117,320 futures gap from mid-August, indicating strong market dynamics and potential for new all-time highs. Currently trading at approximately $116,800, analysts suggest that if Bitcoin successfully reclaims this level, it could pave the way for upward movement. Ted Pillows, a crypto investor, warned that failure to maintain this level as support could lead to a dip below $108,000. Meanwhile, institutional demand for Bitcoin is on the rise, with more than $2.3 billion in net inflows to US spot Bitcoin exchange-traded funds reported in five days leading up to mid-September. Traders anticipate significant volatility as the Federal Reserve announces potential regulatory changes on September 17. Popular trader BitBull mentioned that Bitcoin's upward momentum indicates the possibility of reaching new all-time highs within 2 to 3 weeks. Overall, the sentiment among traders remains bullish, with many believing that the current market cycle has not yet peaked.

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