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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Oct 24, 2025 10:21 UTC
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Top Analyst Reveals When Bitcoin Price Will Hit New ATH
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BTC $ 111,276.93 (2.02%) 
Bitcoin price rebounds above $111,300, showing strong recovery momentum after holding $107K support zone.
Analyst Michael van de Poppe says breaking $112K could spark a new Bitcoin all-time high in November.
CPI report release today could impact Bitcoin’s price direction and influence overall market sentiment.
Bitcoin price today rises above the $111,300 level after holding firm near the $107K–$108K support zone. Popular crypto analyst Michael van de Poppe says the $112,000 level will be crucial in deciding if Bitcoin can push toward a new all-time high (ATH).
Adding to the excitement, today’s CPI report could fuel a bullish move, giving Bitcoin an extra boost.
BTC Finds Support at $110,000
Bitcoin has recently reclaimed the $110,000 support level, showing the market is getting stronger. Crypto trader Michael van de Poppe says that holding $110K is good, but the next challenge is at higher prices.
As of now, Bitcoin’s price is hovering around a key resistance zone that aligns with both the 20-day moving average (MA) and a strong horizontal barrier, as shown in the chart.
“Breaking $112K is the crucial level for me.” “If that breaks, we’re likely seeing a new ATH in November.”
Even the BTC Volume analysis also shows growing participation during recent green candles, suggesting that buyers are stepping back in.
Why $112K Level Matters for Bitcoin’s Next Move
On the daily chart, Bitcoin appears to be recovering from its sharp drop earlier this month, when it fell from around $123K to below $107K. Since then, bulls have managed to protect the lower range, forming a potential rebound base.
The price is now pushing toward the red resistance zone marked between $111K and $113K, where sellers previously stepped in. This region has become the make-or-break area for short-term traders.
A successful breakout above it could open the door for a swift move toward the $119K–$120K range, the final resistance before Bitcoin attempts to retest its previous all-time high near $124K.
CPI Data Could Be a Market Game-Changer
On top of it, all eyes are on today’s Consumer Price Index (CPI) data, which could heavily influence both traditional and crypto markets. According to Coinpedia news, economists are forecasting a 0.4% rise month-over-month and an annual inflation rate of 3.1%,
If CPI surpasses 3% for the first time in 2025, it may trigger major market reactions. High inflation can increase volatility in Bitcoin, as traders react to potential changes in monetary policy or investor sentiment.
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FAQs
High CPI inflation data can increase market volatility. If inflation is higher than expected, it can influence investor sentiment and cause significant price swings in Bitcoin.
Bitcoin is showing strength after holding firm above the $110,000 support level. The current trend suggests a potential push toward key resistance near $112,000.
If Bitcoin breaks above $112,000 with strong volume, analysts believe it could test $124,000 and set a new all-time high later in November.
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