Bitcoin is once again flirting with all-time highs after a rollercoaster of a week that showcased the cryptocurrency’s trademark volatility. The price briefly crashed to $89,100, a move that shook market confidence before staging an impressive comeback. In less than six days, Bitcoin surged over 18%, reaching a local high of $105,900 and reigniting bullish sentiment across the market.

Top analyst Daan shared a technical analysis on X, highlighting Bitcoin’s clean retest of its prior yearly high—a crucial level that has now transformed into strong support. According to Daan, this retest on the 4-hour chart is a textbook bullish signal, suggesting that BTC has the momentum to push higher in the coming days.

This latest move positions Bitcoin at the forefront of investor interest as it approaches uncharted territory. With market sentiment turning positive and technical indicators aligning, many are optimistic that BTC could soon break past its all-time high and enter price discovery. 

Bitcoin About To Enter Uncharted Territory

Bitcoin has reached a critical milestone, breaking above the $100,000 mark for the first time and signaling the potential for entering price discovery. This pivotal move has sparked a wave of optimism among investors, many of whom now expect BTC to surge beyond its all-time high (ATH) in the coming days. The cryptocurrency’s recent performance underscores its dominance and ability to lead the market during bullish cycles.

Daan shared a detailed technical analysis on X, highlighting Bitcoin’s strong market structure. According to Daan, BTC recently completed a clean retest of its prior yearly high—a critical resistance level that has now turned into solid support. He noted that as long as BTC holds above the $102.7K level, the path to its ATH remains clear. “Bitcoin looks good for a move to the all-time high next week,” Daan stated, emphasizing the importance of maintaining support at these levels.