Recent market movements and technical indicators suggest that Bitcoin could be breaking through its all-time high. As the cryptocurrency approaches a new record, analysts are pointing to several factors fueling this optimism. Cointelegraph reports that recent rebound from a support line in a rising wedge pattern on the daily BTC/USD chart is indicating continued upward momentum if support holds. The 20-week EMA is another key indicator showing strong bullish signal as Bitcoin stays above it. These combined signals offer a robust foundation for the current optimistic outlook, with traders and investors closely watching these levels. While the market is experiencing an enthusiastic surge, resistance between $115,000 and $116,000 poses a critical hurdle that needs to be overcome before any significant rally can accelerate towards a new Bitcoin all-time high.