Bitcoin is experiencing a significant surge, with its dominance in the cryptocurrency market nearing 60% this week. The digital currency is less than 10% away from reaching a new all-time high (ATH), prompting widespread bullish sentiment among investors and analysts. Many are predicting that Bitcoin is on the verge of a major breakout, with some suggesting that the bull market is about to start. This week has been particularly bullish, with Bitcoin showing strong upward momentum and retesting previous ATH levels. The weekly closing for Bitcoin has also been notably bullish.