A widely followed trader says Bitcoin (BTC) is not done printing new all-time highs after breaking out of key resistance levels this week.
Analyst Ali Martinez tells his 138,400 followers on the social media platform X that Bitcoin has entered a price discovery phase and may soon increase by more than 33% of its current value.
In crypto trading, price discovery generally refers to an asset soaring to uncharted territory and new all-time high levels.
“Bitcoin is trading at new all-time highs, entering price discovery. The next key levels to watch are $116,000, $126,000, $136,000 and $148,000!”
Bitcoin is trading for $111,042 at time of writing, up 1.8% in the last 24 hours.
