$BTC has reached an all-time high by surpassing $109,358.

In recent weeks, all data had already indicated that this rise could happen, and I had shared this data objectively with you even during downturns.

Therefore, the new ATH was not surprising from our perspective. Currently, the existing data continues to remain positive.

For this reason, I believe that the price could easily surpass the ATH resistance in one or two attempts at worst. There are two important factors to pay attention to right now.

- Global side, US stock markets (S&P 500, Nasdaq)

- Funding rates

Given that Bitcoin's correlation with US stock markets is very high at the moment, it is essential to closely monitor the US stock markets as well. Most of the declines that seem unwarranted are due to pullbacks in the US markets.

The second important factor is funding rates. Currently, the data is extremely positive and strong, so there will not be a significant risk of a decline until funding rates rise, but sudden drop possibilities may arise when funding rates increase.

Currently, the rates are low, but after the ATH resistance is broken, the likelihood of rates rising will increase, so don’t forget to keep a close eye on it.

I believe that Bitcoin's rise will soon positively reflect on Ethereum and altcoins as well.

I hope the previous analyses have been helpful, and you have been able to make a nice profit from the rise, friends. If you find the analyses useful and want more, please don’t forget to like the shares.