Bitcoin prices, which managed to set multiple records on Wednesday, May 21, could test the $120,000 level in the coming weeks, according to technical analysis provided by hedge fund manager Joe DiPasquale.

Earlier in the day, the digital currency surpassed set a fresh high above $109,000, before surpassing $110,000 close to 7:30 p.m. EST, Coinbase data from TradingView reveals.

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