Today’s price spiked to an all-time high of $47,765, a new 3-month record. BTC is trading close to its January 02, 2021 record of $47.989

Following six consecutive green daily candle records, the world’s most valuable cryptocurrency saw a rise of 27% over the past week.

Mark Cranfield from Bloomberg is a strategist who believes the steady push higher might indicate that Bitcoin may be on its way to new highs.

Bitcoin futures surged above the Triangle pattern, which was flagged last Wednesday. A simple projection indicates that the contract could reach new highs over the next few weeks. Some momentum traders believe that the depth of the triangle will lead to an improvement towards November’s peak, or higher. In addition, last week’s breakout coincided with a rise in open interest and turnover. This suggests that punters are joining bullish views and moving away from the sidelines. Cranfield stated that this is a stealth rally, which could have some run.”

Others major cryptos, such as, rose too, the second-largest reaching $3,358 today. It was its highest point since February.

Altcoins such as,, and also climb, along with meme coins, and.

By Senad Karaahmetovic