Analyst: Bitcoin is bound to reach new highs, which may happen in the next week

Odaily News As liquidity accumulates near all-time highs, the price of Bitcoin hovers around $107,000. Analysts say the $109,000 support/resistance reversal seems "a foregone conclusion" for bulls, which means that Bitcoin is bound to continue to set new highs. Michael van de Poppe, founder of MN Capital, said that after the market withdraws some liquidity around $108,000, BTC may experience a small correction and then break through the all-time high. The possibility of Bitcoin prices breaking through all-time highs may even happen in the next week. (Cointelegraph)