According to Cas Abbé on Twitter, Bitcoin (BTC) recently tapped its previous all-time high (ATH) but failed to close above it, mirroring the price action seen in October 2024 before BTC entered a parabolic rally. The Relative Strength Index (RSI) is also forming higher lows, which historically signals strong upward momentum. These technical indicators suggest a potential breakout towards the $125,000 level, with interim support near $110,000. Traders should closely monitor these levels for potential entry points as a confirmed close above the ATH could spark significant buying interest in the crypto market (Source: Cas Abbé, Twitter, June 2, 2025).