BTC Is About To Hit a New ATH, Will This Leg Take It to $115K?

• Bitcoin reached $107K while holding strong gains and is now aiming for a new high.
• Futures trading interest rose to 70B, showing that more people are expecting a price jump.
• Market value increased as traders stayed active, with prices rising through sessions.

Bitcoin (BTC) surged to $107,888.77 on Binance, gaining 0.98% within 24 hours and signaling strong bullish momentum. At press time, market data from CoinMarketCap reported a 2.19% daily increase, placing BTC at $107,849.43 with a $2.14 trillion market cap. BTC’s recent trading volume reached $53.21 billion, while the Fully Diluted Valuation now stands at $2.26 trillion. Besides, futures Open Interest (OI) has skyrocketed to $70.23 billion, according to Coinglass.

Open Interest Tops $70B, Fueling Market Optimism

According to Coinglass, BTC Futures Open Interest rose by over $15 billion since April 2. BTC Futures Open Interest has surged from around $40 billion in November to over $70 billion, marking an increase of approximately 75%. 

This rise closely follows Bitcoin’s price climb from $68K to over $107K and reflects growing market engagement. Hence, strong futures holdings show that most participants are forecasting the market will keep rising. The token’s rising futures suggest that prices could continue climbing, with a potential move toward the $115K level.

Technicals Align as Bitcoin Targets New All-Time High

Bitcoin’s structure has remained intact with support from the Fair Value Gap (FVG) between $98K and $102K. The 4-hour chart on Binance confirms that the price retraced, found equilibrium, and then surged past resistance. Each Fibonacci level acted as a decisive bounce point before reclaiming 0.0.

BTC’s breakout above key structure levels, labeled as Break of Structure (BOS), aligns with Fibonacci retracement confirmations at 0.79, 0.62, and 0.5. Consequently, this sets the 0.0 reclaim as a critical confirmation of continued upward movement.

Besides, the intraday price recovered from a low of $106.20K to the current $107.84K peak, indicating persistent bullish pressure. Volume decreased by 3.67%, yet the price rose, signifying accumulation.

Related: Bitcoin Stays at $105K as Buying Volume Builds Strength

The token’s market cap surged by 2.15%, confirming capital inflow despite quieter trading. Fibonacci extension targets now highlight the -1.5 zone, projecting between $114K and $116K. BTC shows no signs of reversal. With bullish structure, strong volume, and record-high Open Interest, Bitcoin could be on course to reach $115,000.

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