Bitcoin Price Analysis: Does BTC Have Enough Strength to Chart New ATH This Week?

Crypto Blog

Bitcoin’s price is on the verge of creating a new all-time high following the significant rally in the past few days.

Currently, BTC is testing the $74K resistance zone, which is also its record peak and is highly likely to get broken to the upside, which would potentially lead to a longer-term rally.Looking at the 4-hour timeframe, things are much clearer, as the BTC price has gone through an accumulation period during the recent consolidation below the $68K level. This has led to a massive surge toward the $74K area.

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