Bitcoin bulls are optimistic about potential new all-time highs following recent analysis, which indicates that the BTC price has not peaked despite revisiting $114,000. Popular trader Rekt Capital emphasized that if $124,000 registered as the peak for this bull market, it would imply an unusually brief cycle. Historical trends suggest that cycles are gradually lengthening, rather than shortening. BTC has broken past significant resistance at $113,000, with each rejection from that figure resulting in shallower pullbacks, indicating weakening resistance. Market participants are anticipating a potential short squeeze as liquidity shifts suggest predictability in the BTC price movements. Analysts noted the next resistance level lies around the 50-day simple moving average at $114,700 and the psychological level of $115K. The article cautions investors to conduct their research before making trading decisions, as volatility is intrinsic to the cryptocurrency market.

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