Bitcoin is poised to make history, inching closer to its all-time high (ATH) with just a small increase needed to break the previous record price. The leading cryptocurrency’s bullish performance has analysts optimistic about a breakout above $124,000, and its momentum is expected to influence other assets soon. A surge in buyers during a weekend market with low trading volume provides Bitcoin with an edge, potentially attracting more attention as it seeks to establish a new record. This comes at a time of strong market sentiment fueled by the Federal Reserve’s rate cut, historical performance, and corporate interest in Bitcoin. While this activity is not surprising given recent consolidation, a rapid climb to $130,000 or beyond within days is likely. However, geopolitical tensions sparked by events related to Russia, China, and other global factors could trigger quick sell-offs from short-term investors seeking to secure their profits.