#Bitcoin  update going to hit $141,948

BTC

$123,463

 rose close to $123,900 on Friday, continuing its march toward the all-time high of $124,474. BTC’s recovery is backed by solid demand from the bulls, and the US spot BTC exchange-traded funds recorded $2.25 billion in inflows since Monday, according to Farside Investors data.

Analysts expect BTC to surge to a new all-time high. Capriole Investments founder Charles Edwards told Cointelegraph that BTC could skyrocket to $150,000 before the end of the year as investors seek safe-haven investments alongside gold.

While all signs point to a possible continuation of the uptrend, some analysts are cautious. Trader Roman said in a post on X that the relative strength index (RSI) indicator on BTC’s chart is exhibiting a bearish divergence on both the weekly and monthly time frames. Roman cautioned traders to be “careful holding here.”

Could BTC soar to a new all-time high, triggering a rally in altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

BTC surged above the $117,500 overhead resistance on Wednesday, indicating that the buyers are back in command.

BTC/USDT daily chart.

The BTC/USDT pair has reached near the all-time high of $124,474, where the bears are expected to mount a strong defense. If the price turns down sharply from the current level of $124,474 and breaks below $117,500, it signals that the bears are active at higher levels. The Bitcoin price may then remain between $107,000 and $124,474 for a while longer.

Instead, if buyers drive the price above $124,474, it signals the resumption of the uptrend. The pair may then rally to $141,948.