TechFlow news, on February 21, according to Cointelegraph, analysts noted that if Bitcoin can close above $97,000 this week, it could launch a move toward a new all-time high. Bitcoin has now risen for three consecutive trading days, up 6% from the February 18 low of $95,000, with a current trading price of $99,158.
Analyst Rekt Capital said Bitcoin is currently finding support at the lower boundary of a triangle pattern at $97,028. Over the past three weeks, despite pullbacks, this pattern has remained intact. Another analyst, Warren Muppet, pointed out that Bitcoin has broken above $98,000 for the first time since February 4, and if this breakout is confirmed, it could target a new all-time high.
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