Bitcoin Price on Verge of New Record High – Will it Hit ATH in 24 Hours?

Bitcoin’s market value continues to climb, reaching an all-time high (ATH) as the price surges over $109,418.91, a jump of 3.62% from yesterday. This recent surge has driven a significant increase in trading volume – exceeding 46%. The next question on everyone’s mind is: Will Bitcoin reach its all-time high (ATH) within the next 24 hours? This article delves into Bitcoin’s price analysis, examining potential reasons behind the current momentum and offering insights into possible future movements. Bitcoin has experienced consecutive breakouts above crucial resistance levels, with a key milestone being the crossing of $106,500 – a point that quickly led to a surge to the $110,000 mark as predicted by analyst Michael Van de Poppe. This momentum propelled Bitcoin prices even higher, reaching a peak of $110,561. While the market is poised for potentially sideways movement after such a rapid rise, analysts suggest that this trend could mean Bitcoin will hover near current levels before aiming for new highs. The RSI on the hourly chart indicates temporary exhaustion, but the overall structure remains bullish. The ideal zone to buy is between $107,000 and $108,000, a support area with strong potential for continued growth. Liquidity pools below $105,500 could also provide an opportunity if Bitcoin retraces further. If current momentum sustains and dips remain shallow, Bitcoin reaching its new ATH within the next 24 hours is not only probable but highly likely.