Bitcoin Surges Past $72,000 as it Prepares to Set New All-Time High

Bitcoin surged past $72,000 after the Wall Street open on Oct. 29, with bulls pushing towards final resistance levels ahead of all-time highs. Data from Cointelegraph Markets Pro and TradingView showed nearly a 4% gain for BTC/USD on the day. After steady consolidation during the Asia trading session, Bitcoin’s upward momentum returned as buy-side pressure continued to target sell-side liquidity. Commenting on the price action, Keith Alan, co-founder of Material Indicators, observed that buyers were setting up for a “critical move.” He noted, “A move above $72k may send bears into hibernation, but be prepared for a retest of support