Bitcoin is approaching a potential all-time high of $115,000, driven by a surge in profitable supply that indicates increasing bullish momentum. As of April 28, approximately 86.9% of Bitcoin coins were in profit, a level historically associated with speculative market euphoria. This aligns with previous bullish phases, such as the price increase from $80,000 to over $100,000 in late 2024, when profitable supply surged toward 99%. Analyst DarkFrost highlights that although the current profitable supply above 85% is positive, historically crossing above 90% often triggers profit-taking. In addition, new and momentum buyers are accumulating Bitcoin, while profit-takers are relatively inactive, suggesting strong demand without significant selling pressure. Bitcoin has found support in the $89,000–$90,000 range and is anticipated to break above the psychological barrier of $100,000, potentially reaching $115,000. This rally is backed by previous price resistance levels and indicates room for further growth before any significant pullbacks.

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