#Cryptomaxx

Bitcoin's Surge: Potential for New All-Time High

Bitcoin (BTC) has surpassed $100,000 for the first time since February, marking a 35% increase since April 7. After falling over 30% to $74,434 in April, a strong rally ensued, breaking several resistance levels without retracement. Current technical analysis shows Bitcoin may be in its fifth wave of an upward movement, but indicators suggest it could soon reach a local top, leading to a potential correction.

Long-term forecasts remain uncertain. A bearish scenario indicates the completion of a five-wave increase, while a bullish outlook suggests the possibility of a new all-time high at $130,000. The short-term trend appears positive, but caution is advised as a local top may precede a corrective pullback.