#BTCBreaksATH

The Bitcoin price reached a new all-time high of $111,999 on July 9. The lack of overhead resistance could trigger a parabolic rally. Bitcoin's wave count provides a target of $237,185 for the top of the current market cycle. Both ATH and ATL are important indicators in the cryptocurrency market, providing insights into an asset's past performance and possible future trajectory.

The All-Time High (ATH) of a cryptocurrency refers to the highest value that an asset has achieved over the course of its time on the market. This metric is used to analyze the peak performance of a digital asset. It represents the 'highest sale value' at which the asset has been sold or the 'highest proposed value' a participant has suggested for the asset.

The ATH is a significant indicator in the cryptocurrency market as it provides a benchmark for the asset's potential. However, it's important to note that reaching an ATH does not guarantee that the asset will continue to perform at this level. Market conditions, participant sentiment, and other factors can influence the value of a cryptocurrency.