Will BTC again hit all time high

As of February 14, 2025, Bitcoin (BTC) is trading at approximately $96,798.

Bitcoin reached its all-time high of $109,464.94 on January 20, 2025. 

Given the current price, BTC would need to appreciate by about 13% to surpass its previous peak within this month.

Technical Analysis:

1. Current Trend:

• BTC is exhibiting a horizontal trend in the short term, indicating investor uncertainty. A breakout above the current range could signal a bullish move, while a breakdown might suggest further declines. 

2. Support and Resistance Levels:

• Support: Key support levels are identified at $92,000, $87,000, and $74,000. 

• Resistance: Significant resistance levels are at $100,000 and $106,000. 

3. Moving Averages:

• The 50-day moving average is currently below the price, suggesting potential support. However, a decline below this average could indicate bearish momentum. 

4. Relative Strength Index (RSI):

• The RSI has dropped below the 50 threshold, indicating weakening momentum. A further decline could signal increased selling pressure. 

5. Volume Analysis:

• Recent trading volumes have been low during price peaks and high during troughs, which may weaken the currency and increase the chance of a breakdown. 

Conclusion:

While Bitcoin has the potential to retest its all-time high, it faces significant resistance levels that must be overcome. The current technical indicators suggest a cautious outlook. A decisive move above the $100,000 resistance, accompanied by increased volume and positive momentum indicators, would strengthen the case for a new all-time high within this month.$BTC