Bitcoin Near ATH: Bullish Momentum Continues with Strong Market Support

I believe Bitcoin's current price at $116,677 indicates a steady upward trend, with recent increases over the past 24 hours and weekly. The 30-day growth of 7.20% suggests strong momentum, and the all-time high (ATH) at $122,838 is within reach, considering the current rally. The increased trading volume of $39.84 billion and a market cap of $2.32 trillion reinforce Bitcoin's position as a leading cryptocurrency and a dominant digital asset in the blockchain space. With Bitcoin's price close to its ATH, the market sentiment appears bullish, especially given the consistent daily gains and the limited downside risk, as evidenced by the relatively tight trading range. The slight correction from the ATH (-4.99%) might serve as a healthy consolidation, providing a buying opportunity for investors looking for momentum continuation. Overall, Bitcoin remains a strong investment choice in the crypto sector, supported by robust market data, high liquidity, and continued investor confidence. The upward trajectory over the past month and the proximity to new records suggest that staying invested or entering a position could be advantageous, pending individual risk appetite.