Bitcoin is up 3% today, driven by optimism in the crypto market and a weakening US dollar. Institutional participation in spot BTC ETFs surged to $675.81 million, reversing last week’s outflows. If inflows continue, BTC could reclaim its all-time high and reach new peaks.

BTC’s weighted sentiment is rising, indicating growing trader confidence. A positive sentiment suggests optimism and bullish narratives dominating market discussions. This trend is significant as it reflects a shift from the volatility seen last month, potentially sustaining BTC’s rally.

BTC’s Aroon Up Line has hit 100%, confirming a strong bullish trend. This indicator assesses the strength and direction of an asset’s trend by analyzing recent highs and lows. If demand remains high, BTC could surpass its all-time high at $123,731, but a drop below $115,892 could signal a decline.

Read more at Yahoo Finance: Why Bitcoin Could Break Its All-Time High Sooner Than Most Expect