Key takeaways:
Bitcoin’s $109,458 all-time high aligns with seven consecutive green weekly candles since April, highlighting the strength of the current bullish momentum.
Analysts expect BTC to reach between $135,000 to $320,000 in 2025.
BTC heatmaps show high-leverage zones that may trigger liquidations. Thus, risk management remains crucial.
Bitcoin (BTC) hit a new all-time high of $109,458 on Binance on May 21, marking seven consecutive green weekly candles in a row since the price bounced from its swing low of $74,500.
Bitcoin 1-week chart. Source: Cointelegraph/TradingView
If Bitcoin closes the current weekly candle above $106,500 on May 25, it will mark its longest streak of consecutive green weekly closes since October 2023.
Alongside a new all-time high, Bitcoin’s market cap and realized cap also achieved new highs of $2.17 trillion and $911.5 billion, as noted by Glassnode.
Related: Is Bitcoin price close to a cycle top? — 5 indicators that help traders decide
Bitcoin bulls target higher