Cryptocurrency enthusiasts are eagerly waiting to see if Bitcoin (BTC) price will beat its all-time high of $30,000. Data from Cointelegraph Markets Pro and TradingView shows the current BTC/USD is at $28,200. While the market has remained steady in the past few weeks, Binance's order book data is indicating upcoming volatility which will likely cause crypto market participants to bet on a breakout.

Popular trader Credible Crypto predicts $26,000-$29,000 today is “incredibly similar” to the $8,000-$10,000 range from summer of 2020, and believes that a perfect world scenario would see BTC/USD dip to $27,500 for consolidation before a surge higher. Stockmoney Lizards meanwhile believes that the rangebound period is likely to lead to an upwards trend break, as BTC/USD will make higher lows while preserving the same cloud of resistance near $30,000.

Furthermore, analysis from the same day reveals that a resistance level "has been tested x times and hasn't broken, it may be a sign that the level is weakening and a breakout is more likely." With all this in mind, investors are anxiously awaiting to see if BTC price will exceed the previous all-time high of $30,000.

The bullish sentiment in the market is evident with the most recent surge in BTC/USD in the weekly close on April 10 which is at its highest since June 2022. Overall, there is an agreement among analysts and data that the chances of an upwards breakout are likely, due to clearing pathways to volatility and weakening resistance levels. Despite these positive indications, investors must always do their own research and act accordingly when entering or exiting any trade or investment.



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