🚀 Bitcoin Primed to Smash $113,000: The ATH Rally Starts Now

Bitcoin isn't flirting with history—it's bulldozing through it. After weeks of consolidation, the king of crypto is coiled for a breakout that could rewrite the record books.

The $113K question: Traders are split between 'when' and 'how much higher.' Chart patterns suggest this isn't another fakeout—liquidity pools above $110K look like a magnet for hungry algorithms.

Wall Street vs. Cypherpunks: BlackRock's BTC ETF now holds more coins than MicroStrategy (ironic, given how many suits called it a 'fraud' in 2022). Meanwhile, OTC desks report silent accumulation by 'family offices'—the same ones that mocked crypto at Davos.

One hedge fund manager quipped: 'We're not buying the narrative, we're front-running the FOMO.' Classic finance—always late to the party but pushing to the front of the line.

Buckle up. The next 72 hours could separate the diamond hands from the tourists.

• Bitcoin rises 2.53% to $111,101 with a 38.83% increase in daily trading volume, approaching all-time highs.
• A 90% chance of new all-time highs exists if the current weekly low support level holds steady.
• Market remains range-bound, with traders waiting for breakout signals and monitoring potential volatility.

At the time of writing, Bitcoin (BTC) is trading for $111,101 and has increased by 2.53% over the past 24 hours. The daily trading is at $58.76billion, which is an increase of 38.83%. However, Bitcoin is still on the rise, with a 1.91% rise seen in the past week. The digital currency is nearing new all-time highs.

Source: CoinMarketCap

Jip Molenaar highlighted that bitcoin is achieving new weekly highs. He observed the bullish market strength. Molenaar captured 50% of the longs in three trades by closing the long positions. He is still confident, and he retains the rest of his positions. TribeCapital has been provided with evidence of its trades.

Source: X

Bitcoin’s Bullish Momentum

Bitcoin is likely to maintain its value at the current weekly low. He forecasts 85.6% support at this level. Also, he has an 86.1% probability of new pivots forming, and it could result in additional profits. In the short term, Bitcoin may attain $113,807.82, provided the weekly low is maintained. This price WOULD drive Bitcoin near its all-time high.

Source: X

According to Molenaar, Bitcoin stands at a probability of reaching a new all-time high of 90% in case the weekly low holds. The price is nearly reaching $111,980, which is almost NEAR the record high. There has been an increased possibility of breaking this level as BTC continues to show a bullish trend.

Source: X

Range-Bound Market Movement

Analyst DD has revealed that the market is in a range-limited price movement. The past two weeks have been quiet with no easy build-up of a strong move. Before making any trades, DD waits until the market exits its local price range. He is still interested in long positions in case the price hits the local lows, but is wary in case the price gains earlier.

Source: X

The order FLOW in the market is quite inactive at the moment, with important indicators such as Open Interest and Cumulative Volume Delta (CVD) being stagnant. Nevertheless, DD is monitoring the presence of volatility. An upward trend in these metrics might be an indicator that the market has changed. 

Source: X

The further rise of BTC to new heights appears to be a matter of time, yet the situation in the market cannot be predicted. With BTC creeping up to its all-time high, traders remain vigilant of any sharp actions in the market.