Bitcoin Eyes All-Time High as Price Surges Past $97,000
Bitcoin has been displaying remarkable resilience, bouncing back from around $74,500 to nearly $97,900 in April. Analysts are now eyeing a potential bullish trend, with two key chart patterns suggesting a positive outlook. If Bitcoin can maintain its price above $95,000, it could set the stage for a test of its all-time high prices.
Bitcoin's recent performance has been impressive. In April alone, it gained 14.08%, surpassing historical averages. This momentum has led analysts to project a new all-time high by late October 2025, potentially reaching $109,000. The cryptocurrency has shown strength despite market fluctuations, demonstrating its potential as a hedge against inflation and dollar depreciation.
Analysts have identified two key chart patterns that support this bullish trend. Firstly, Bitcoin needs to maintain its price above $95,000 to confirm this trend. Secondly, the cryptocurrency has recently surpassed $121,000 for the first time since mid-August 2025, indicating growing demand fueled by expectations of U.S. interest rate cuts and a weak U.S. dollar.
Bitcoin's price has been on an upward trajectory, with analysts predicting a new all-time high by late October 2025. If Bitcoin can hold above $95,000, it could signal a significant bull run, potentially reaching $109,000. Market observers are closely watching Bitcoin's performance, as it continues to show resilience and attract investors seeking a hedge against inflation and dollar depreciation.
