**Bitcoin Soars Past $72K, Eyes New All-Time Highs**

Bitcoin (BTC) surged past $72,000 after the Wall Street open on Oct. 29, marking nearly a 4% gain for the day. Bulls are pushing through the final resistance before reaching new all-time highs.

- **Market Dynamics**: After a period of consolidation during the Asia trading session, BTC/USD saw renewed upward momentum. Traders like Keith Alan from Material Indicators suggest a potential retest of support before aiming for new highs.

- **Liquidity Trends**: Data shows increased bid liquidity below $70,000, with significant activity around $70,500.

- **Analyst Insights**: Michaël van de Poppe predicts a new ATH this week, influenced by upcoming U.S. unemployment data. Josh Rager also expects a break of the ATH followed by a pullback and further gains.

- **Macro Factors**: QCP Capital highlights several catalysts, including the U.S. Presidential Elections and the popularity of spot Bitcoin ETFs, driving BTC's price strength.

Bitcoin futures open interest hit nearly $23 billion on Oct. 29, indicating strong market positioning for potential upside.

*Note: This article is for informational purposes only and does not offer investment advice.*