- Current price: Bitcoin's price has risen by 2% today, trading around $104,600, approaching its all-time high (ATH) of $110,000 (only 1.86% away).
- Market performance:
- Market capitalization: $2.1 trillion.
- 24-hour trading volume: $36.8 billion.
- Bullish forecast to $110,000:
- 30-day implied volatility (IV) data from the "Volmex" platform indicates an expected daily volatility of 2.57%, which could push the price to $109,123 (upper limit) or $103,676 (lower limit).
- With the price currently at $106,400, the chances of testing the $110,000 level today are increasing.
- Technical analysis:
- The charts (4-hour and 1-hour) show a strong bullish structure with consecutively forming higher lows since April.
- Main support area: between $105,000 and $102,500.
- Increased investment interest: 7,000 Bitcoin (worth $740 million) have been added to open contracts, reflecting buyer confidence at dips.
- Expert forecasts:
- With the bullish momentum and positive market structure continuing, Bitcoin is likely to retest its all-time high and may exceed it.
Summary:
Bitcoin shows significant bullish strength as it approaches its all-time high, supported by implied volatility data, technical analysis, and investment appetite. The likelihood of reaching $110,000 today is considered high, with indicators confirming the continuation of the upward trend.
