$BTC
BTC is currently trading around $108,000 - $108,200 USD. This places it very close to its recent all-time high (around $111,800 - $112,000), indicating strong upward momentum over the past months. Despite some daily fluctuations, the overall trend has been positive.
Many analysts believe a new all-time high for Bitcoin is "inevitable."
There's a focus on the $109K to $112K range as a key resistance to break, which could trigger a significant rally.
"Liquidity grabs" are anticipated, where the price might make quick moves to clear out orders, potentially pushing it towards $111,000 or even higher.
ETF inflows, corporate treasury buying, and sovereign accumulation are increasingly identified as dominant price drivers, shifting away from a purely post-halving narrative.
Standard Chartered recently reiterated a bold prediction of $135,000 by Q3 and $200,000 by year-end, citing a "new flow regime."
While the overall sentiment is bullish, some technical indicators (like bearish divergences on multiple timeframes) suggest a potential for short-term pullbacks or consolidation.
The lack of aggressive long positioning in perpetual futures funding rates, even near all-time highs, indicates that some traders might be cautious about a sustained immediate breakout.
However, these divergences are often seen as minor corrections within a larger bullish trend.
Bitcoin continues to dominate the crypto market in terms of market capitalization and trading volume.
Bitcoin is in a strong position, hovering near its all-time highs, with significant institutional interest and analyst predictions pointing towards further upward movement. However, short-term volatility and potential minor pullbacks should always be considered.
