<ul><li>Bitcoin price is inching closer towards its all-time high (ATH) of $73,750 and is expected to mark a higher high above $74,500 in the near future.</li><li>The bitcoin open interest (OI) has exceeded $40 billion for the first time since December 2022, indicating sustained inflow of capital into the futures market.</li><li>Institutional interest in bitcoin continues to be a major driver for its price with over 5.398% of the total circulating supply of BTC held by ETFs, worth over $75 billion.</li><li>The US elections could also likely have an impact on BTC price as former President Donald Trump has expressed a more friendly crypto approach, promising to set up a Bitcoin reserve to boost mining.</li><li>Bitcoin's historical price trend suggests that the peak of the upcoming bull market could be way ahead of $100K, with the next potential top at around $210K.</li><li>The weekly MACD has triggered a bullish crossover but the RSI has triggered a bearish divergence, indicating that the price could drop below $65,000 before rising again to form new highs above $200K.</li></ul>

Bitcoin 9% Away From its ATH-Here’s Why The Upcoming Bull Market Peak is Way Ahead of $100K

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