#BTCBreaksATH 🍒🍒🍒🍒🍒🍒
🎉🎉🎉🎉🎉🎉🎉🎉
Bitcoin's current price is $111,216.69, with a 2.30% increase, and its market cap is $2.17 trillion. Analysts predict that Bitcoin could break its current all-time high within the next seven days, driven by ¹ ²:
- *Historical Patterns*: Bitcoin tends to hit new records within about 50 days after reaching an all-time high without a significant pullback. Given that it's been 47 days since the last ATH, a new record might be imminent.
- *Weakening US Dollar*: A declining US dollar index, trading below its 365-day average, often boosts Bitcoin's price. This trend has historically been favorable for Bitcoin's growth.
- *Institutional Investment*: Growing institutional interest, with billions flowing into US Bitcoin-tracking ETFs, supports the potential for a new ATH.
- *Bullish Market Sentiment*: Analysts expect further price increases, with potential targets at $118,000 and beyond.
*Key Resistance and Support Levels* ³:
- *Resistance*: $109,700 and $110,000, with potential targets at $112,000 and $137,000.
- *Support*: $107,000 and $105,400, with further risk below $102,000.
*Recent ATHs* ⁴:
- Bitcoin recently reached a new ATH of $110,700 on May 21, 2025, driven by strong institutional demand and a weakening US dollar.
- This surge reflects a convergence of factors, including institutional adoption, favorable regulatory developments, and macroeconomic conditions.