Bitcoin Needs to Close Week Above $106,000 to Signal Further Price Growth

Recent price action for Bitcoin has seen the cryptocurrency surge past all-time highs and hover near $105,000, creating a pivotal moment in its trajectory. Experts are closely watching key weekly price levels as traders await confirmation of a breakout or continued consolidation. 85% of the current bull market is complete but there’s still potential for volatility, according to analysts, who believe that this week’s closing price could signal whether Bitcoin will initiate ‘Price Discovery Uptrend 2’.