Analysts: Bitcoin continuing to reach new highs is inevitable and may occur within the next week.

As liquidity accumulates near all-time highs, the Bitcoin price hovers around $107,000. Analysts say that a support/resistance flip at $109,000 seems "inevitable" for the bulls, meaning that Bitcoin is bound to reach new highs. MN Capital founder Michael van de Poppe said that after the market withdraws some liquidity around $108,000, $BTC may experience a slight pullback before breaking through its all-time high, and the possibility of Bitcoin's price breaking through its all-time high may even occur within the next week. (Cointelegraph) [Odaily Planet Daily]