#ArbitrageTradingStrategy Bitcoin has indeed broken its all-time high (ATH), currently trading at $111,080.98 with a 1.83% increase. This surge is part of a record-breaking run, with Bitcoin reaching new highs for three consecutive days. Analysts attribute this momentum to a combination of factors, including Donald Trump's US election victory and the Federal Reserve's 25 basis point rate cut, which has sparked renewed investor interest in BTC ¹ ².
*Key Price Points:*
- *Current Price:* $111,080.98
- *High Price:* $111,999.79
- *Low Price:* $108,503.00
- *Target Prices:* Some analysts predict Bitcoin could reach $130,000, while others set targets at $88,800 or $114,449 (Fib 0.618 extension)
*Market Analysis:*
The recent breakout has sparked excitement among traders, with some analysts predicting further upside potential. However, others caution about potential corrections or "fakeouts" above the ATH level. Key levels to watch include ¹ ³ ⁴:
- *Resistance:* $114,449 (Fib 0.618 extension)
- *Support:* $109.6-110k ( crucial for confirming a true breakout)
