Bitcoin breaks through $72,000! Analyst: New highs are in sight, heading towards $85,000

This site (120BtC.coM): Bitcoin started this week with a bang. This morning (8) it surged from above US$69,000 and broke through the US$72,000 level at 5 o'clock in the evening, setting a new record. The high since March 14th, breaking through to a new all-time high is just around the corner.

According to CoinGecko market data, Bitcoin is still hovering around US$72,000, reaching a maximum of US$72,522.46 today, only 1.76% away from the all-time high of US$73,737.94.

At the beginning of this week, market sentiment seemed quite optimistic. Although cryptocurrency analyst Ali Martinez earlier warned that there may be a risk of large-scale liquidation if Bitcoin breaks through $71,000, he also mentioned that Bitcoin may attack $85,000 next.

He stated in the X post that if Bitcoin can “hold” above $70,800, the next target will be $85,000.

At the same time, another well-known cryptocurrency analyst, Captain Faibik, also predicted that Bitcoin will hit a new all-time high.

He pointed out that Bitcoin formed a bullish pennant on the daily line, and if it can successfully overcome the resistance level of $70,000, it may push Bitcoin to "unprecedented heights."

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