Bitcoin bulls are optimistic about reaching new all-time highs following analysis indicating that Bitcoin (BTC) has not yet peaked in this bull market, especially after revisiting the $114,000 mark. Historical market behavior suggests that if $124,000 were to be the peak, it would represent one of the shortest price cycles on record, contradicting the longer trend Bitcoin cycles are experiencing. Market indicators, including liquidity shifts, demonstrate a potential for a price rebound. Notably, popular trader Rekt Capital noted that Bitcoin's resistance at $113,000 appears to be weakening, with shallower pullbacks occurring after each rejection at this level. The next significant hurdle for Bitcoin is projected to be around the 50-day simple moving average at approximately $114,700. Analysts have urged caution, emphasizing the need for thorough research before making investment decisions given the inherent risks in trading cryptocurrencies.

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