BTC Surge Gains Momentum—Will It Smash Past Records Soon?
Bitcoin (BTC) has once again captured global attention as it closes in on a potential all-time high, with traders now targeting a possible breakout to $116,000. As BTC holds steady above the $104,000 mark, momentum continues to build for what could be a record-setting week in the crypto market.
BTC Hits $104K — All-Time High Within Reach
The price of Bitcoin surged past $104,000 on Sunday, fueled by increased institutional inflows, strong technical signals, and overall bullish sentiment across the market. Traders are now eyeing a retest of its previous all-time high of $116,000, a level that could be hit as early as this week if the current trend continues.
“Bitcoin is showing signs of a textbook breakout,” said crypto analyst @CryptoRover. “All indicators suggest we could hit a new ATH early in the week.”
This bullish forecast aligns with rising volume on major exchanges, as well as improving macroeconomic sentiment. With global inflation fears subsiding and risk assets gaining ground, Bitcoin appears well-positioned for a fresh leg upward.
Technical Indicators Confirm Bullish Momentum
Bitcoin’s daily RSI remains in a bullish zone, while moving averages are aligned in favor of a continued uptrend. The 50-day and 200-day moving averages are trending upward, confirming long-term strength.
Importantly, BTC recently broke through a key resistance level at $102,000, converting it into a support zone. If the asset continues to consolidate above this level, traders expect a smooth climb toward $110K–$116K.
Futures open interest and funding rates have also spiked, indicating growing confidence among leveraged traders.
Caution Ahead? A Rally With a Catch
While the price outlook appears bullish, not everyone is convinced a parabolic rally is imminent.
“We’re in a critical phase,” said analyst Michaël van de Poppe. “If Bitcoin rejects at $105K, we could see a temporary correction before a breakout.”
Whale activity also suggests that large holders are preparing for volatility, with some moving BTC to exchanges—often a sign of possible selling pressure ahead.
Conclusion: BTC Bulls Have the Edge, But Volatility Lurks
Bitcoin is on the verge of rewriting history. With price action showing strength and momentum gaining, a move to $116,000 looks increasingly possible this week.
However, investors should remain cautious as the market nears psychological resistance levels. Whether this surge becomes a full-blown breakout or a short-lived rally will depend on how the market responds in the next 48–72 hours.
Stay alert—this could be Bitcoin’s biggest week yet.