This content is based on the research and perspectives of Matt Crosby, an analyst from Bitcoin Magazine Pro.
Recently, BTC price has surged strongly, breaking through the $95,000 mark and breaking the sluggish market trend of the past few months. This trend has sparked widespread market attention, and for many traders and investors, it may signal the long-awaited bull market's official return. However, the core market question continues: Can BTC truly break through its previous all-time high of $108,000, or is this just another brief rebound?
This article will delve into the key factors driving BTC's recent rise, combining technical and on-chain data, supplemented by macroeconomic background, to comprehensively assess the sustainability of this market trend.
Rapid Rebound: BTC's Recent Strong Surge
Previously, BTC experienced a significant correction of over 30%, falling from its historical high above $100,000 to the $70,000 range. After a period of oscillation and observation, this crypto king has regained its footing, strongly rebounding back above $90,000. This rebound occurred after months of consolidation, during which the market structure was once considered bearish. However, recent trends suggest that BTC may be on the verge of a major breakthrough, with various price prediction models becoming active again, driving market sentiment to warm up.
From a trend perspective, BTC has recently reclaimed several key technical levels, including the "Short-Term Holder Realized Price" (STH Realized Price), an important indicator historically viewed as a market strength barometer. In bull market cycles, STH realized price often serves as support; when it transforms from a resistance level to a support level, it typically indicates a stronger foundation for price appreciation.
In the past few weeks, BTC price has returned to the $93,000 to $95,000 range, signaling that the market may be about to launch a new, larger rally. Given that in previous bull market cycles, BTC often saw further increases after reclaiming key price levels, more and more investors are beginning to look bullishly at the potential to set new historical highs in 2025.
[The translation continues in the same manner for the rest of the text, maintaining the specified translations for specific terms and preserving the original structure and meaning.]Despite the optimistic outlook, investors still need to remain vigilant and flexibly respond to market changes. In this highly volatile crypto market, only data-driven approaches and strategic adjustments can help investors maintain the initiative in market evolution.
