## BTC Expected to Challenge All-Time High Recent analysis suggests Bitcoin (BTC) is poised to break its all-time high (ATH) in the near future. The increasing adoption of BTC by institutional investors is fueling this bullish sentiment. According to The Block, Vincent Liu, CIO of Chronos Research, notes that "BTC is hovering near its peak thanks to strong technical momentum." This momentum, coupled with growing institutional interest, indicates a strong possibility of a new high. ## Technical Analysis and Potential Short-Term Correction While the overall outlook is positive, BTC market analyst Rachel Lucas points out that "BTC's Relative Strength Index (RSI) is in the overbought zone." This suggests a potential for a short-term decline or sideways movement. However, Lucas also highlights that "retesting the major psychological support level of $100,000 and moving sideways is a positive trend." This consolidation phase could serve as a solid foundation for further gains, setting the stage for a sustained push towards a new all-time high. Investors should monitor the RSI and key support levels for potential entry points. ```

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