<ul data-eligibleForWebStory="true"><li>Bitcoin's slow recovery from last week's market sell-off has experts contemplating what it would take for the cryptocurrency to surpass its all-time high of $111,970.</li><li>On-chain analytics suggest that Bitcoin could reach new price levels if the market enters price discovery, considering factors like supply and demand, liquidity, and market sentiment.</li><li>Glassnode's analysis emphasizes the importance of a key support level, particularly the Short-term holder cost basis at $97.6k, in maintaining bullish momentum.</li><li>If Bitcoin breaks the nearest resistance level, which is at $115.4k, it could potentially retest a new all-time high, according to the report.</li><li>Bitcoin's recent recovery has seen the cryptocurrency reach $110,300 after failing to sustain momentum above $101,000 last week.</li><li>The current price of Bitcoin is $108,729, with a 7-day gain of 4.06%, indicating renewed investment interest and confidence in the asset.</li></ul>

Here’s What Experts Think Will Send Bitcoin Above its $111,970 All-Time High

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