#BTCBreaksATH

Bitcoin rose on Wednesday evening above 112 thousand dollars, thus surpassing the peaks from May 22 of this year and setting a new all-time high (All Time High; ATH).

Will Bitcoin repeat the rally from Q4 2024?

So, will Bitcoin be able to repeat the increase from the end of 2024? It seems unlikely, though not impossible.

This year's flag was indeed significantly smaller than last year's:

- Creating a mast preceding last year's Flag formation, the BTC price rose by over 35 thousand USD, i.e., almost 92%, while this year the increase was over 37 thousand USD, which constituted 'only' 50%.

- Remaining within the parallel descending channel that constituted the main part of last year's flag, Bitcoin depreciated by over 24 thousand USD, i.e., nearly 32%, while as a result of this year's flag, it fell by only 14 thousand USD, i.e., 12%.

- The range between the lower and upper limits of last year's flag was over 15 thousand USD, while the depth of this year's flag is only 10 thousand USD (50% less).

- Inside last year's Flag, Bitcoin maintained itself for 215 days, while this year it broke out of a similar structure after just 41 days.

Taking the above into account, one can certainly expect further increases in the BTC price. However, it seems unlikely that a breakout from the flag upwards would lead to increases of a similar magnitude as it did at the end of 2024. Let us recall that at that time, the BTC price rose by over 41 thousand USD, i.e., 61% in just 63 days between October 15 and December 17 of last year.