Bitcoin is getting close to its all-time high price — just 4% away from hitting $110,000. As of now, it’s trading around $106,183 with a market cap hitting $2.11 trillion. And now, many people in the crypto world are asking, can Bitcoin hit a new record in the next 24 hours?
Let’s find out.
Bitcoin Inches Closer to ATH Price
Bitcoin has already begun to show strong momentum. After falling below $75,000 in April due to global market pressure, it has bounced back with force, up 22% over the past month. Recently, it even tested the $107,000 level. Now, all eyes are on whether it can push through to the $110,000 mark.
According to market watchers, this surge mirrors the early 2021 setup, right before the last major bull run. And there’s data backing this momentum.
Daily Price Swings Support the Possibility
One important number to watch is Bitcoin’s 30-day volatility, which shows how much the price might move. Right now, it suggests Bitcoin can go up or down by about 2.5% in a day. Based on today’s price, that means it could reach around $109,123, which is very close to its highest price ever.
So yes, Bitcoin could hit a new all-time high today.
Institutions Are Buying Massively
Investor interest is booming. U.S. Bitcoin ETFs have pulled in nearly $6.9 billion in just three weeks. Big companies are buying too, Strategy (formerly MicroStrategy) added 7,390 BTC, and Japan’s Metaplanet recently bought 1,004 BTC.
On top of that, Bitcoin futures open interest has hit a record high of $75 billion, showing that traders are betting big on price growth.
Top Analysts Say “Yes”
Crypto experts are feeling positive, too. Well-known analysts like Ali Martinez say Bitcoin might soon go above $107,593, which could push the price up to $111,500.
Others, like Michael van de Poppe, say a new ATH is not just possible — it’s likely to happen sooner than expected. He believes it will hit $120k even sooner.
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FAQs
Yes, Bitcoin is currently just 4% away from its all-time high, with analysts and market indicators suggesting it could hit a new record very soon.
Bitcoin’s 30-day volatility indicates it can move about 2.5% daily, meaning it could reach a new all-time high from its current price.
Yes, institutional interest is booming, with U.S. Bitcoin ETFs attracting $6.9 billion in three weeks and major companies buying large amounts.
