Bitcoin has achieved new milestones in 2024 as it started a fresh week, month, and quarter, hitting record highs. The battle between buyers and sellers is ongoing, with the possibility of reaching the previous all-time highs from 2021. Resistance levels are being tested, and price discovery is eagerly awaited, with a target set at $74,000 to eliminate sell-side liquidity. The second quarter is expected to bring volatility, especially with upcoming macroeconomic data from the United States. The market has responded positively to Jerome Powell's remarks about potential interest rate cuts, although profit-taking from long-term holders is evident. Despite this, Bitcoin's value remains high, with the focus shifting to surpassing the old all-time high from 2021. As Chair Powell prepares to deliver remarks, the market anticipates possible interest rate cuts in 2024. Nonfarm payrolls data due later in the week could impact Bitcoin price volatility, with weaker job numbers increasing the likelihood of earlier rate cuts. Long-term holders continue to take profit as Bitcoin hits new highs, with on-chain data showing decreased profit-taking but a significant portion coming from experienced investors. The current price action mirrors that of the 2021 bull market, challenging the idea of a new price paradigm driven by institutional interest in Bitcoin this year. The Crypto Fear and Greed Index indicates growing optimism for price discovery in the markets, with extreme greed characterizing the sentiment among participants.