Bitcoin's price has surged past its previous all-time high, reaching $91,727.28, which is over 25% above the prior peak of $73,000. This significant increase has sparked discussions among analysts and enthusiasts about Bitcoin's future trajectory.
Crypto analyst Ali Martinez points out historical correction patterns, suggesting that the market may see further growth before a correction. Specifically, there is speculation that Bitcoin could target $138,000 due to these historical trends.
This potential increase has brought optimism among cryptocurrency investors, but also caution regarding the possibility of a pullback. The recent price actions have drawn considerable attention, highlighting the volatile nature of the cryptocurrency markets.
