Assessing Bitcoin's Value: Will BTC Surpass its Highest Ever Price?

Bitcoin maintains a technically bullish outlook, displaying strong buyer interest following a liquidity sweep around the $100K mark. A break above $111K could trigger an aggressive upside continuation, despite potential short-term volatility and resistance. Bitcoin recently swept a critical liquidity zone at the $100K point, leading to a strong rally and signaling a renewed bullish momentum.

If this bullish momentum sustains and breaches the $111K all-time high, a sharp rise, potentially driven by a short squeeze, could ensue. However, profit-taking and increased supply in this zone might temporarily hinder upward momentum. Meanwhile, on-chain analysis shows two major liquidity clusters above $111K and below $100K, indicating areas where smart money could trigger overleveraged retail positions liquidations.

The prevailing bullish sentiment suggests a breakout above the $111K resistance is increasingly likely.