Bitcoin saw a surge above $115,000 on Sunday night, reigniting optimism in the cryptocurrency market. Trading around $115,218, Bitcoin witnessed a remarkable daily trading volume of $47.6 billion – a significant 3.41% increase in just 24 hours. This surge propelled the crypto market cap to $3.9 trillion, marking a 3.68% growth. Trading volumes have spiked by 68.41% to $139.39 billion. Analysts suggest that Bitcoin’s resistance level near $115,400 is acting as a ceiling, previously preventing significant price jumps. This anticipated breakout has been visible in the Bitcoin 4-hour chart on TradingView. 75.67 RSI value also indicates Bitcoin’s potential for being overbought, while the MACD indicator points to positive momentum favoring bulls. Analysts expect volatility before year-end. Market analysts Daan Crypto Trades and Crypto Caesar have issued insights into Bitcoin’s price action. Daan Crypto Trades notes that a strong bullish trend is likely after a bearish sentiment shift in September. Meanwhile, Crypto Caesar anticipates a potential breakout above $112K to reach $123K. 8% price range suggests volatility may increase. Astronomer highlights the existence of long Bitcoin positions near $107K, expecting further upside and anticipating the CME gap’s potential closure before significant gains. The overall market remains neutral according to the Fear & Greed Index, currently at 42. Bitcoin leads the market with 58.9% dominance, followed by Ethereum with 13.1%. Trading activity on derivatives remains high with $849.82 billion in perpetual contracts and $3.41 billion in futures. Altcoin season has been relatively inactive.