Bitcoin to create new All Time High?

Fundamental Analysis

• Uncertainty with the Dollar.
  
• Institutional adoption of Bitcoin undergoing unprecedented acceleration.
  
• COT report(Bitcoin Micro Futures) as of: April 29, 2025 shows Non-commercial traders still net short(-3,958) however, a larger percentage of investors who were short the previous week have closed their short positions(-17,401) as opposed to those long(-758).
  

Technical analysis(Daily TF)

• Possible low of the year formed in April(on the 7th)
  
• Displacement of sellers with buy stops above previous highs(2nd & 24th March)
  
• -2 scenarios possible;
  
• 1. Correction to fill the liquidity void created on 20th-24th of April then continuation of the bull run or
  
• 2. If the daily FVG formed on the 1st of May holds, it could support price higher.