Bitcoin is poised for potential new all-time highs, significantly bolstered by steady capital inflows and bullish on-chain indicators. Since April 20, Bitcoin's realized cap has surged by $30 billion, reflecting strong investor confidence, bringing its total value to $900 billion. The spot market's positive momentum is underscored by a recent peak in the 7-day simple moving average of Bitcoin's Spot Volume Delta at $5 billion, indicating that both institutional and retail investors are driving the recent price rally, particularly above the $100,000 resistance. A consolidation pattern observed since early April suggests a potential 10% breakout by next week, with Bitcoin currently oscillating between $105,700 and $100,678. If this trend continues, a retest of the $100,000 to $102,000 range might precede a breakout above $110,000. However, if prices fall below $102,000 without a swift recovery, it could signal bearish sentiment. Investors are advised to conduct their own research before making investment decisions.

Source 🔗