Another decidedly positive day for the price of Bitcoin, which is continuing its climb towards the highs.

This rise started exactly a month ago, and despite some ups and downs, it is continuing to climb relatively steadily, so much so that it has now reached only -% from the highs.

Another decidedly positive day for the price of Bitcoin, which is continuing its climb towards the highs.

This rise started exactly a month ago, and despite some ups and downs, it is continuing to climb relatively steadily, so much so that it has now reached only -% from the highs.

The rise of Bitcoin: where will it stop?

After hitting the bottom of 2025 at below $75,000, in the first half of April, the price of Bitcoin had recorded a first small rebound.

Many analysts expected another drop by the end of the month, but instead starting from April 21, its price began to rise.

The bulk of the rise occurred in three moments.

The first was at the end of April, when it broke through the resistance of $85,000 and moved back to $95,000.

The second was just before mid-May, when it broke through the resistance at $96,000 and returned to $104,000.

The third is the one currently underway, which started on Sunday with an initial breakthrough of $104,000, then failed, and continued on Monday with a second, much more convincing breakthrough.

Yesterday, to be honest, it had tried to drop back to $104,000, but as soon as it approached that figure, it registered a strong rebound that during the night then took it above $107,000.

The all-time highs: will Bitcoin’s latest rise help surpass them?

The current all-time high price is approximately 109,000$ reached in January.

To tell the truth, however, it is probably better to take the $108,000 reached in December as a reference, because from December to January it didn’t really rise anymore, but it moved sideways above $100,000.

Note that before the electoral victory of Donald Trump in November, the price was below $70,000, although at that time the all-time high was $73,000 reached in March.

Previously, the all-time high was that of November 2021, set at $69,000.

So during 2024, after the bear-market of 2022 and the rebound of 2023, initially the price of BTC updated the all-time highs, but only slightly, moving from $69,000 to $73,000.

Then, however, with Trump’s electoral victory, it rose for the first time in history above $100,000, only to stop at $108,000.

In 2025 it then updated the highs, but really by very little, going from 108,000$ to 109,000$.

At this moment it is at $107,000, so much so that there is not only the possibility that it could update the highs, but even that it could also surpass them by a wide margin. If the current bull trend were to persist, it could end up surpassing even $110,000.

The current trend

The medium-term upward trend currently in place started a month ago, and in theory, it could last a while longer. In fact, medium-term trends can also last for months, at least in theory.

Generally, in the years following the USA presidential elections, the bull runs last about 12 months, but never with a single rise.

This time too, it made an initial climb, lasting about a month and a half, just after the presidential elections, and now it is making another one.

If the ongoing rise were to stop near $109,000, it could not be considered a continuation of the one at the end of 2024, but only a rebound after the correction in March and April. However, medium-term trends rarely last only a month, so there is still room for a further rise, at least in theory.

The strength of the dollar

Supporting this rise is certainly the weakening of the dollar.

It should be remembered that in the medium/long term the price of Bitcoin tends to be inversely correlated with the trend of the Dollar Index, so it is not surprising at all that it is rising now that DXY has fallen.

To tell the truth, at the end of 2024 both have risen, but in the short or medium-short term, the inverse correlation can easily break.

The fact is that the decline of the Dollar Index during 202