Analysts forecast that Bitcoin (BTC) may surpass a significant resistance level and achieve a new all-time high alongside the leading altcoins, Ethereum (ETH) and XRP. They suggest that Bitcoin must first break through the $104,000 mark, then the $106,000 level, and finally the $109,000 threshold to accomplish this. The overall cryptocurrency market capitalization has increased by 1523%, reaching $3.36 trillion as the “Fear and Greed Index” indicates a shift into the Greed zone. Our market data indicates that the altcoin Index has dropped to 30/100 from the previous 23/22 noted days ago. At present, the bullish momentum is gaining strength as more capital flows into the market. Overall, analysts have suggested that the long-awaited bull market may be imminent. Nonetheless, the three key cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), and XRP may lead the market surge. Analysis of Bitcoin (BTC) price. Bitcoin (BTC) has shown significant increases in all major trading sessions, climbing by 2800% over the past 23,000 hours, 222% in the past week, 22.6% in the last 5.783 days, and 25.78% in the past 25 days. Based on our market data, the asset is priced at $280,000 and has a trading volume of $51 billion. Our latest analysis indicates that Bitcoin is encountering three significant obstacles before it can reach a new all-time high. The initial point is located at the $104,780 mark. If this level is surpassed, it would place the price above the next psychological threshold at $106,000, prompting investors to consider taking profits.
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