#cryptotradingpro

New $BTC ATH Soon?

At the time of writing,$BTC is trading at $109,589, just 1.9% below its all-time high. However, multiple on-chain and technical indicators suggest that BTC could soon break into uncharted territory.

CryptoQuant contributor ibrahimcosar recently noted that Bitcoin may be targeting the $112,000 mark after forming a double bottom pattern on the hourly chart. Meanwhile, the Bitcoin Spot Taker CVD (Cumulative Volume Delta) has flipped back to positive, signaling bullish momentum.

Moreover, on-chain metrics show that holders are not rushing to sell, even while sitting on significant unrealized gains, suggesting belief in further price appreciation. At press time, $BTC trades at $109,589, down 0.3% in the past 24 hours.