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Bitcoin (BTC) is nearing a critical resistance zone between $108,000 and $109,000, with analysts predicting a potential breakout and new all-time high. Michael van de Poppe highlights that a confirmed 4-hour close above this range could trigger upward momentum. Despite recent pullbacks, on-chain data shows strong accumulation by both retail and institutional investors, with BTC reserves on exchanges decreasing. Continued ETF inflows further support bullish sentiment. While macroeconomic factors like inflation remain a consideration, the market outlook remains optimistic. A breakout here could mark the beginning of Bitcoin's next major rally.