Bitcoin Price Breaks New ALL-Time-High In Coming Week
Bitcoin is just steps away from breaking all-time highs and excitement is building quickly! With bulls in control, prominent trader Captain Faibik predicts that a strong rally in Bitcoin could push the price up by 10-12%. If the key level of $103,000 is exceeded, Bitcoin could surge to $113,000, marking another important milestone for the crypto giant.
Bitcoin Bull’s Eye Target at $113,000
The latest chart shared by Captain Faibik highlights Bitcoin’s steady upward trend. Bitcoin has been forming higher lows on the back of an uptrend line, showing clear bullish momentum.
if Bitcoin maintains Building on this momentum and above the $103,000 resistance, Faibik expects gains of more than 10-12%. The move could push the price towards the $113,000 mark, a new milestone for the world’s leading cryptocurrency.
If Bitcoin breaks through resistance in the coming days, it will not only reach a new all-time high, but will further solidify its position as the dominant force in the digital asset world. As of now, Bitcoin is trading Approximately US$101,835.76It is just 1.7% away from breaking through its all-time high of $103,679.
Spot Bitcoin ETF hits record high of $4.8 billion
on the other hand, Spot Bitcoin (BTC) ETF There have been massive capital inflows for 13 consecutive days, with more than $5.3 billion in new funds between November 27 and December 13.
BlackRock’s Bitcoin ETF recently made headlines for amassing over 500,000 BTC, making it the most traded ETF among 11 competitors. This highlights the growing interest in Bitcoin among Wall Street investors.
Meanwhile, rising geopolitical tensions and Donald Trump’s victory in the presidential election have fueled a surge in Bitcoin prices, pushing it to new highs.
