Over the past few sessions, Bitcoin has shown a reversal sentiment surpassing its all-time high of $109k and has now established a fresh all time high just below the mark of $112k.
Many experts reported that the volume of buyers has been dominant, which has probably triggered bullishness in prices, over the past 48 to 72 hours Bitcoin has mirrored a massive trading volume with buyers in peak.
As per the data from CryptoQuant a well-known onchain analytics firm that the 90 day cumulative volume delta (CDV) has been favoring bulls.
Bitcoin is finding a new all-time high support
According to data from TradingView, Bitcoin traded at $111,970, and its lowest traded price in the same time frame is $110,349. Its market cap was $2.2 trillion with a slight addition of 0.23%, and trading volume was $57.69 billion with a loss of 37.49%.
Bitcoin recently surpassed its all time high of $109k which was acquired in January this year. It is worth noting that the crypto market surged more than 50% in the past two months, marking few new milestones.
A crypto on X named as ‘Profit Mind’ says that, “ STO is currently consolidating inside the falling wedge on the 4H timeframe.” The post further adds, “ Buying pressure is increasing with volume showing signs of accumulation at support levels.”
According to data from Coinbase, when writing Bitcoin is trading above its 20, 50, 100 and 200 days exponential moving averages.
Bitcoin has been able to bounce back from its March 2025 lows and is now heading into the market’s bull run, this steep V-shaped rebound suggests that buyers are highly interested and that institutional accumulation may be planned.
Data on TradingView states that BTC added 5.64% to its prices in a week and in the monthly time frame it grew around 17.28% and the quarter it grew by more than 12%.
The relative strength index (14) was at 68.12 neutral, awesome oscillator 9,079.14, momentum (10) 4,872.55, and MACD level (12, 26) is 4,185.
With price being bullish, the market dominance of Bitcoin has reached 64.06% with a growth of 1.22% in a week and in the year- to -date time frame its dominance over the market grew by 10.45%.
The market cap of BTC is up by 4.12% and in one month the cap grew by 15.07%, and in the year to date time frame the cap added 16.04%.
