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Long-term BTC holders (HODLers) are less tempted to sell relative to prior bull markets, according to data from Glassnode.
Historical experience shows that it might take until after noon ET for market makers to work out the price of the initial trade in a direct stock listing.
BTC buyers have taken some profit, but support is nearby around $62K.
Bitcoin is seen rising towards $70K by May according to several analysts interviewed by CoinDesk.
Bitcoin futures traders are becoming more bullish with extreme upside leverage.
US March inflation beat expectations, but Fed likely to remain unmoved. Bitcoin traders continue to hedge.
Bitcoin made a fresh all-time high after breaking above $60K and ending three months of consolidation. Next resistance around $68K-$70K.
Tax hikes could encourage profit taking in cryptocurrencies, but some investors remain bullish as ongoing stimulus could trigger inflation.
Analysts expect higher inflation ahead of U.S. March CPI report despite Fed's wait and see approach.