Bitcoin is once again capturing the spotlight, trading at around $109,236, a level it hasn’t reached in nearly a month. This latest surge has fueled fresh optimism across the crypto space, with many analysts predicting that Bitcoin could hit a new all-time high (ATH) in the next one to two weeks. According to seasoned crypto trader Michael van de Poppe, Bitcoin’s recent price movement signals growing momentum, and the clearing of key technical levels is setting the stage for an imminent breakout past its previous high of $111,970.

The current rally gained traction after Bitcoin decisively broke above the critical $106,500 resistance zone. This move not only signaled a bullish reversal but also led to the liquidation of short positions, further accelerating upward momentum. As the price swept past $108,000, it became evident that buyers had returned in force, and the market sentiment shifted to bullish once again. This type of movement is often referred to as a “liquidity sweep,” where price action takes out short sellers and builds energy for a sustained uptrend.

Michael van de Poppe points to $110,500 as the next major resistance zone. If Bitcoin can consolidate above this level, it will have a clear path toward testing and potentially surpassing its previous all-time high of $111,970. The significance of this zone cannot be overstated—it represents the final hurdle before price discovery resumes. Breaking this level could unlock a powerful rally, attracting both institutional and retail investors looking to ride the next leg up.

However, as with all rallies, potential pullbacks remain on the radar. Van de Poppe emphasizes that Bitcoin may face short-term corrections, especially if profit-taking kicks in or if there is a drop in trading volume. In such a scenario, the key support zones to watch are $105,500 and $100,000. These levels have historically acted as strong accumulation areas and could serve as strategic entry points for traders anticipating further upside. Holding above these supports would signal that the broader uptrend remains intact despite any temporary setbacks.

Adding more weight to the bullish narrative, traditional financial institutions are also becoming increasingly optimistic about Bitcoin’s trajectory. Standard Chartered, a major global bank, has issued a forecast suggesting that Bitcoin could reach $135,000 by the end of Q3 2025 and possibly surge to $200,000 by year-end. While these projections are ambitious, they underscore the growing confidence among institutional players in Bitcoin’s long-term value proposition. The entry of major banks and asset managers into the crypto space is widely viewed as a validation of Bitcoin’s role as a legitimate asset class.

Technically speaking, the charts are aligning with this bullish outlook. Bitcoin’s recent price behavior confirms a continuation of the uptrend that began earlier this year. The 4-hour and daily charts show a healthy structure, with higher highs and higher lows forming consistently. Volume is picking up, and momentum indicators like the RSI (Relative Strength Index) are signaling strength without yet flashing overbought conditions. This balance suggests there is room for further upward movement before any major correction sets in.

For traders and investors, the coming days are crucial. A decisive breakout above $111,970 would not only set a new ATH but also likely ignite a broader altcoin rally as market confidence grows. On the flip side, failure to hold key support levels could delay the breakout and cause a temporary retracement. However, given current market sentiment, such a dip would likely be short-lived and seen as a buying opportunity.

In conclusion, Bitcoin is poised for a potentially historic move in the near term. With bullish technical indicators, rising institutional interest, and a supportive macro backdrop, the stage is set for BTC to challenge and possibly surpass its all-time high in the next one to two weeks. Whether you’re a trader looking for short-term gains or a long-term holder betting on Bitcoin’s future, the next few days could be pivotal.