#Bitcoin❗ Bitcoin rate should update the historical maximum this week

Published 08/11/2025, 11:05

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© Reuters Bitcoin rate should update the historical maximum this week

Bitcoin US Dollar

-2.80%

Happycoin.club - This week, the Bitcoin rate should update the historical maximum, set in July at $123,236.

Over the weekend, bulls began to pump the BTC price again, and it rose to $122,177. Analyst Michael van de Poppe assumed that the coin's value would correct after reaching $120,000, but he was wrong, and the upward trend continued, accordingly, in the near future we will see a new peak in the digital asset rate.

Since 2023, the price of Bitcoin has been fluctuating within an expanding ascending channel, so it can be assumed that after breaking the previous price maximum, the bullish rally will not stop until the cryptocurrency rises in price to the upper line of the figure at around $141,000. In this case, the value of the coin will increase by 16% from the current value.

Ascending channel on the Bitcoin price chart