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Bitcoin trades near $104,000; analyst says new all-time high 'plausible'
Quick Take
Bitcoin extended its bullish momentum by trading around the $104,000 mark on Sunday night.
Analysts said bitcoin could reach a new all-time high in the near future, depending on further macro developments.
Bitcoin  BTC -0.05%
continued its upward momentum, trading around $104,000 as of late Sunday night after crossing the key $100,000 level for the first time in months.
Analysts suggested that bitcoin may reach a new record high, though a short-term price correction also remains possible.