$BTC

Bitcoin ($BTC) is back in the headlines as it has successfully broken its all-time high (ATH), reaching unprecedented price levels. This breakthrough is a landmark event that signals a strong bullish momentum and the asset entering a price discovery phase, where there are no previous resistance levels.

The main drivers of this growth are the continued influx of capital through approved ETFs, ongoing institutional interest, and the impending effects of the recent halving. Breaking the ATH not only boosts investor confidence but also attracts new market participants, pushing the price even higher. However, it is important to remember that price discovery phases can also be accompanied by increased volatility.