The Bitcoin price has surged past the $4,500 barrier and is closing in on its all-time high of around $111,980. This significant move opens up new possibilities for price discovery as the market volatility has been subdued. After successfully testing its range, Bitcoin appears poised to transition into the second phase of this price discovery process. The question now remains: Will bears allow Bitcoin to break above $109,7K? 2-week downtrend seems to be over, and bulls are working hard to maintain these levels until the close on Wednesday. This positive signal could validate a bullish reclaim if the price dips below $106,6K. The surge in prices is fueled by BlackRock’s record-breaking BTC ETF launch, which has amassed a staggering $70 billion in just two weeks. 2025 Bitcoin Top Predictions