Bitcoin is once again at the peak of popularity among analysts and market participants due to its recent record surge. The cryptocurrency achieved a new all-time high, raising expectations for further growth.
Bitcoin Hits New All-Time High
In recent days, Bitcoin surpassed its previous record, trading above $118,000. Analysts believe this is due to increased buying interest in the market.
Analysis of Bitcoin's Future Prospects
Analyst TradingShot points out that Bitcoin's upward trend may continue. "Technically, the bullish trend doesn’t seem to stop there as the second phase of growth that started on April 07, 2025, may peak at a little over $140,000," he added.
Market Influence on Bitcoin
As of the report, Bitcoin is trading at $117,289, reflecting a 9% rise over the past 7 days. This growth has been ongoing since April and strengthens expectations for further increases.
In light of current analytical forecasts, Bitcoin is poised to continue its rise, preparing the market for new jumps and corrections.
