Bitcoin’s price moves closer to its all-time high, but a breakout above $93,450 could trigger the next move up to $125,000.
Bitcoin (BTC) price registered a new weekly high close for the second consecutive week after recording a 12% rise over the past seven days. The crypto asset is up 31% for the month as prices continued to consolidate near its all-time high (ATH) range.
Bitcoin 1-week chart. Source: TradingView
With technical analysis demonstrating a bullish outlook across all time periods, one analyst believes another 40% rise might unfold over the next few days.
