Bitcoin’s price continues to climb towards all-time highs, hovering around $112,000. Technical indicators suggest the next resistance level might be near $133,000, according to the MVRV Extreme Deviation Pricing Bands model. This surge is driven by investor optimism and growing institutional interest in Bitcoin. Analysts highlight a robust market environment with strong inflows from the ETF space and bullish sentiment. 1.5% daily gains on Sunday saw Bitcoin close at $118,685 after rebounding from a weekly low of $112,000. 24-hour trading volume has seen a significant increase, reaching $62.58 billion. Meanwhile, Bitcoin dominance held steady at 59.53%, showcasing its market strength compared to other cryptocurrencies. The BTC Z-score (Price, 30/365) indicates a bullish bias with +1.5σ above its one-year mean. Despite a slight dip in open interest for Bitcoin futures (-1.37%), overall, the market remains positive, supported by institutional holdings and macroeconomic factors. The Fear and Greed Index stands at 70, indicating some market exuberance but not extreme euphoria. Notably, ETF inflows have contributed to this upward momentum, with major increases observed from IBIT, bolstering investor confidence. Market analysts highlight the need for investors to consider macro conditions such as the U.S. inflation data and the upcoming Federal Reserve meeting in light of its potential influence on Bitcoin’s trajectory. A weaker US Dollar Index (currently at 98.01) is also helping Bitcoin’s appeal as an alternative asset class. Finally, Gold futures remain stable at $3,398, showing little competition for Bitcoin’s place as a safe-haven investment.