Bitcoin Targets New All-Time High With Break Above $116,000 Resistance

Bitcoin's price is positioning for a significant move, with analysts focusing on a critical resistance level at $116,000. Breaking this level could propel BTC to surpass its previous all-time high of $126,000.

Key Highlights

Crypto analyst Donny Dicey identifies $116,000 as a crucial zone for Bitcoin's breakout. A successful breach could lead to a new all-time high.
After reaching an all-time high above $124,000 on October 6, 2025, BTC's price fell to $115,000 but is recovering. Support is seen around $108,000.
Maintaining a close above $109,000 strengthens the likelihood of a strong upward trend, aligning with potential rate cuts by the Federal Open Market Committee (FOMC).
Positive macroeconomic factors such as S&P 500 earnings, easing US-China trade tensions, and improved ISM manufacturing data support risk assets.
Dicey comments that whales may underestimate persistent BTC demand, potentially becoming "exit liquidity" during further price increases.

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Market Stability and Future Prospects

Bitcoin shows stability above January highs, described as "unbreakable" amid global uncertainty.
Factors reinforcing BTC's resilience include fiscal and monetary expansion, a weakening US dollar, and renewed global business confidence.
Geopolitical tensions between the US and China are subsiding, while ETF inflows and AI sector growth provide additional support for digital assets.
Skepticism persists, with many adhering to the traditional four-year cycle narrative, and retail enthusiasm remains low.
Limited rotation from traditional assets like the S&P 500 and gold into Bitcoin may set the stage for a powerful BTC rally once sentiment shifts.

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