The value of Bitcoin is edging closer to its all-time high, driven by increased market activity and robust demand for a Bitcoin exchange-traded fund by BlackRock. The digital currency recently surpassed the significant $100,000 mark, hinting at a bullish market that could further elevate its price.
Aside from Bitcoin, a number of altcoins like Ethereum (ETH), Dogecoin (DOGE), Pepe (PEPE), and Cosmos (ATOM) are witnessing a surge, sparking talks of an "altseason" in which these cryptocurrencies could rally strongly. Major players in the market are monitoring support and resistance levels to predict future moves and potential gains.