BTC Approaching New All-Time High
The price of Bitcoin found support around the previous all-time high of $111,980 on August 3 and surged 6% by Sunday. At the time this news was written on Monday, the price was trading above the psychological level of $120,000.
If BTC continues its upward trend, it could rally towards the all-time high of $123,218. If a successful close above this level occurs, BTC will enter price discovery mode with buyers targeting the psychological level of $125,000.
