Bitcoin Close in on New All-Time Highs Amidst Strong Market Sentiment

Bitcoin continues to surge towards new highs, breaking through resistance levels as traders anticipate further gains. The potential for a 0.25% interest rate cut from the US Federal Reserve next week is fueling optimism and driving market volatility. This bullish momentum is fueled by factors like surging DeFi activity, growing institutional investment, and favorable macroeconomic trends in the broader crypto market.