Bitcoin price will break new all-time high next week.
Bitcoin is just a few steps away from breaking all-time highs, and excitement is building fast! With the bulls in control, popular trader Captain Fibic predicts a strong rally that could push Bitcoin's price up by 10-12 percent. If it breaks the key $103,000 level, Bitcoin could rise to $113,000, another milestone for the crypto giant.
Bitcoin Bulls Eye $113K Target
The latest chart shared by Captain Fibic shows an upward trend for Bitcoin. Bitcoin is making higher lows, supported by an emerging trend line, which shows clear bullish momentum.
If Bitcoin continues this momentum and breaks the $103,000 resistance level, Fibic predicts a rally of over 10-12%. This move could push the price to the $113,000 mark, a new milestone for the world's leading cryptocurrency.
If Bitcoin breaks the resistance in the coming days, it will not only set a new all-time high, but will further solidify its position as a dominant force in the digital asset world. Currently, Bitcoin is trading at around $101,835.76, the main cryptocurrency is only 1.7% away from breaking its all-time high of $103,679.
Spot Bitcoin ETF records $4.8 billion
On the other hand, spot bitcoin (BTC) ETFs have seen 13 consecutive days of strong inflows, raising more than $5.3 billion between November 27 and December 13.
The BlackRock Bitcoin ETF recently made headlines by accumulating more than 500,000 BTC, making it the most traded ETF among 11 competitors. This shows the growing demand for Bitcoin among Wall Street investors.
At the same time, the rising geopolitical tensions and the victory of Donald Trump in the presidential election fueled the rise in the price of Bitcoin, leading to new heights.
