Odaily Planet Daily News: Bitcoin is currently about 4.5% lower than its historical high of $108,786 in January. Vincent Liu, Chief Information Officer of Kronos Research, stated: 'Bitcoin is currently hovering near its historical highs, with strong technical momentum supporting its breakthrough of the 50-day and 200-day moving averages. The continuous increase of institutional investors and optimistic expectations for 2025 indicate that Bitcoin is likely to reach new historical highs.' However, another analyst pointed out that Bitcoin's Relative Strength Index (RSI) indicates that the cryptocurrency is in the 'overbought' zone. BTC Markets analyst Rachael Lucas said: 'This does not necessarily signal an immediate market reversal, but it does increase the likelihood of a cooldown or sideways consolidation in the short term. A retest and consolidation above the critical psychological level of $100,000 would be a healthy development and could lay the groundwork for further gains.' Presto research analyst Min Jung stated: 'The recent rise in the cryptocurrency market has been driven by market optimism reignited by the US-China trade negotiations. As Bitcoin's dominance reaches levels seen before the 2021 bull market, we are now experiencing a typical rotation — capital is beginning to flow into altcoins.' Presto analysts added that the likelihood of Bitcoin breaking its previous historical high may depend on how trade negotiations develop, while other escalating geopolitical tensions remain a key variable. (The Block)

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