Analyst: Bitcoin Needs to Hold $97,000 for Weekly Close to Hit New All-Time Highs
Feb. 21 -- Bitcoin is on track to hit new all-time highs if it closes the week above $97,000, analysts reportedly said. Bitcoin has now risen for three consecutive sessions and is trading at $99,158, up 6 percent from its $95,000 low on 18 February. Analysts at Rekt Capital say bitcoin is now gaining support at $97,028, the lower boundary of the triangular market structure. Over the past three weeks, bitcoin has dipped, but has kept the pattern intact. Another analyst, Warren Muppet, noted that bitcoin has broken above $98,000 for the first time since Feb. 4, and a confirmed breakout could lead to a new all-time high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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