Bitcoin All Time High: Is BTC Price going to break records again?
These are exciting times for Bitcoin investors and crypto enthusiasts. Looking at the latest bitcoin news and market trends, it seems that the wait for Bitcoin All Time High is almost over. If you are investing in the crypto market or just follow market updates, then this article will be very helpful for you. Here we will tell you how bitcoin price is moving upwards again after filling the USD futures gap and what analysts are saying.
Bitcoin recently hit one of its important targets, where the BTC/USD spot price touched the level of $116,800 on Bitstamp. But most attention was attracted by Bitcoin futures, where the price rose to $117,320 and closed a major “CME gap”. This gap was created in mid-August and has now filled within three weeks, which is a clear signal of market strength. Crypto investor Ted Pillows says that if BTC maintains this level, the path to Bitcoin All Time High could open. But if this level becomes resistance, the price could also go below $108,000.
Bitcoin Price Outlook: Futures Gap and Market Signals
According to the analysis of market experts, all-time highs are now possible for bitcoin price. Keith Allen, co-founder of Material Indicators, told followers on X that $124,500 is not the “top” yet. He says institutional demand is so strong that the price is getting support. US spot Bitcoin ETFs have seen a net inflow of more than $2.3 billion in the last five days, which is supporting BTC’s bullish trend. Also, news of upcoming interest-rate cuts by the US Federal Reserve is expected to add more volatility to the market. Allen said, “There will be volatility, and things are going to start getting spicy,” which is an interesting signal for investors.
According to recent trends and technical analysis, bitcoin price in USD could make exciting moves in the next few weeks. According to traders, BTC has now reclaimed its long-term trendline, which is a positive sign for the bull market. According to the analysis of popular trader BitBull, this process can be completed in just two weeks. He says, “$BTC has reclaimed its 8-yr trendline level. It has a breakout in July, and last month BTC lost this key level. But now, bulls have closed a strong candle.”
Traders and Analysts’ View: Bull Market is not yet complete
Another positive signal for the crypto community is that historical patterns and market sentiment suggest that the bull market top has not yet come. Analyst Rekt Capital also said this in his recent post. All these data and patterns suggest that Bitcoin All Time High is just a matter of timing and further gains can still be expected in the market.
Crypto investors are currently going through a very exciting phase, as we can expect big moves in Bitcoin price in the coming weeks. With the futures gap being filled and the support of institutional demand, BTC’s momentum is again looking on the bullish side. If you are active in the crypto market, then this is the right time to keep a close watch on every update and trend, so that you can take timely decisions.
The market is not always predictable, but right now the indicators and latest Bitcoin news indicate that a new all time high is possible in the next 2–3 weeks. It is important for investors to understand the ups and downs of the market and follow their risk management strategy.
Disclaimer:
This article is written for information sharing and educational purposes only. The analysis and opinions expressed here are based on publicly available data and market trends. This is not an investment advice of any kind. Crypto investments can be risky, so it is important to consult your financial advisor before making any decision.
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