Analysts predict that Bitcoin (BTC) could reach new all-time highs in the coming weeks, following the filling of gaps in the futures market.
Filling Gaps in the Futures Market
Bitcoin reached a key price of $116,800 on Bitstamp, while futures contracts climbed to $117,320, closing a significant gap left since August 23. Crypto investor Ted Pillows stated that if the price fully reclaims this level, it will pave the way for new highs.
Analysts' Predictions
Keith Alan, co-founder of Material Indicators, noted that the level of $124,500 is not the top due to increasing institutional demand. However, there are risks: if the price begins to treat this level as resistance, it could lead to a return to lows below $108,000.
Trading Towards New Heights
Analysts believe BTC could reach new records within 2-3 weeks. Trader BitBull explained that Bitcoin has reclaimed its eight-year trendline, which could signal strong momentum and the potential for rapid growth.
In the near term, the Bitcoin market shows signs of potential growth, and investors are closely monitoring price movements as they may lead to new all-time highs.
