Bitcoin is back on the move and is on the brink of making history again. At the time of publication, the BTC price is hovering around $109,418.91, up 3.62% since yesterday. Successively, its market cap has risen to $2.17 trillion, while the daily trading volume has surged by over 46%. With Bitcoin now just a few percentage points away from surpassing the current ATH, marketers are stressing out on one single question: Will Bitcoin price hit the ATH in the next 24 hours? Let us decode the quest in this Bitcoin price analysis.
Bitcoin (BTC) Price Analysis: What’s Next?
Bitcoin’s current pace is boosted by consecutive breakouts above crucial resistance levels. It is worth noting that, once BTC price crossed $106,500, it quickly rallied to the $110,000 mark, a move that analyst Michael Van de Poppe rightly anticipated. According to him, the breakout above $108,900 accelerated price action further, with a peak now seen at $110,561.
A brief sideways trend, as seen in the past, typically follows such parabolic moves. This could mean Bitcoin might hover near current levels or slightly correct before launching toward new highs. The RSI on the hourly chart hints at temporary exhaustion, but the structure remains bullish.
The ideal zone to buy remains between $107,000 and $108,000, a support area noted for strong continuation potential. Liquidity pools below $105,500 could also serve as a bounce region if prices retrace further. If current momentum sustains and dips remain shallow, Bitcoin breaching ATH levels within the next 24 hours is not just possible, but highly probable.
Curious about how Bitcoin could close the year? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!
FAQs
A: Bitcoin’s ATH is $111,970.17.
A: Analyst insights suggest the $107,000–$108,000 range is ideal for dip-buying, making current levels attractive.
A: Given the breakout momentum and high trading volume, a move past the ATH within 24 hours is highly likely.
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