Will Bitcoin Break Its ATH in the Next 7 Days?

1. Historical Pattern Repeats – Positive Sign for Bitcoin

According to analyst Axel Adler Jr. from CryptoQuant, Bitcoin typically reaches new highs within 50 days if there's no major correction over 20% during a bull market. Currently, it's been 47 days since the last ATH, with no significant pullback, indicating a high likelihood of breaking the previous record in the coming week.

2. Market Support and Capital Inflows

On-chain data indicates capital inflows into spot Bitcoin ETFs, reflecting growing interest from institutional investors. Additionally, the weakening U.S. Dollar Index (DXY) facilitates Bitcoin's price increase, as investors seek alternative assets to preserve value.

3. Key Resistance and Support Levels to Watch

Currently, a key resistance level is around $112,000. If Bitcoin surpasses this, the next target could be $135,000, as predicted by some analysts. Conversely, strong support is identified at $106,000; if breached, the price might drop to the $100,000 region.