#BTCNextMove Bitcoin Current Status:  Bitcoin price has managed to break of the previous all-time high and has touched levels above $106,500 this time around amid positive news around a potential US Fed rate cut in the works. 

Market Performance: Bitcoin price is now seeing strong buying pressures as the price is trading at $ 97,457.40, rising by over 2.7% in the past 24 hours. The market cap has spiked back to $2.08 trillion, while the trading volume increased over 65.6% to reach close to $63.5 billion. The bullish sentiments have have sustained around 79% and the Fear-Greed Index has reached 80, suggesting the traders remain extremely greedy. 

Technical Analysis: As the BTC price hovers around the ATH range above $105K, the volume of the crypto has also risen to a large extent. As a result, the volatility has also increased, suggesting the price is expected to trade upwards within a narrow range for a while. However, the token remains within a bullish range and hence the price is expected to revamp a strong rise and mark new highs for the ongoing bullish cycle.  

BTC Price Prediction: After achieving the milestone over $106,500, the market participants appear to have squeezed some profits. As a result, BTC price is facing some bearish pressure, but the technical indicators remain bullish, which has kept the momentum higher. Hence, the BTC price prediction remains bullish, aiming to mark new highs above $110,000.

Future Outlook: With the state of the U.S. about to witness a change in leadership, the crypto space is about to get regulatory clarity. Besides, many countries are also displaying interest in the crypto space and their likeness to regulate it. Therefore, the future outlook of Bitcoin remains extremely bullish as a new ATH is fast approaching.