Bitcoin Reaches New All-Time High, Testing Support Levels; Breakout Potential Expected

The cryptocurrency market has experienced a rapid shift in sentiment as Bitcoin (BTC) trades near $109,109 (+1.42%). This rebound marks a significant recovery from last week’s dip and brings the price back above its 200-day EMA (~$109,100), marking a crucial threshold separating bullish and bearish control zones. While momentum indicators are stabilizing with the daily RSI rising to 52 and short-term MACD histograms turning positive, volatility remains unusually tight. This suggests that a larger directional move is likely imminent.