The Bitcoin price surge is not just about fundamentals, it's also about narrative. The "Taper Tantrum" narrative is gaining traction, with investors remembering the last time the Federal Reserve reduced its bond-buying program, causing a global market shake-up. This narrative is driving short-term speculation and fueling the uptrend.

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The power of narrative in driving market sentiment can't be overstated. The Taper Tantrum analogy is a great reminder that investor psychology plays a significant role in shaping price movements.