#BTCBreaksATH

Bitcoin (BTC) has recently experienced significant price movements. After reaching an all-time high of $109,071 on Monday, it has retracted to approximately $104,434 as of January 21, 2025.

Market analysts maintain a bullish outlook for Bitcoin. Short-term predictions suggest a rise to $111,010 by January 22, 2025, indicating an 8.84% increase. Longer-term forecasts estimate Bitcoin's price could reach up to $264,013.95 by October 2025.

Despite these optimistic projections, investors should remain cautious due to inherent market volatility. Key support levels are identified at $98,171, $96,293, and $95,070, while resistance levels are at $101,272, $102,495, and $104,373. Monitoring these levels can provide insights into potential price movements.

In summary, while Bitcoin's recent performance and future projections appear promising, it is crucial for investors to conduct thorough research and consider market volatility when making investment decisions.