Bitcoin's price recently saw its best weekly performance in months, rising significantly! This increase followed a period of consolidation, not necessarily a bear market. Experts are analyzing various market indicators to predict future price movements.
- Bitcoin's price rose to a high of $88,804.
- Experts believe it might reach $130,000 in three months.
- Open interest, the value of futures contracts, jumped by over $1.5 billion recently.
- A short-term correction to around $86,000-$87,000 is possible before another price rise.
| Metric | Value/Prediction |
|---|---|
| Bitcoin's high | $88,804 |
| Potential 90-day high | $130,000 |
| Open Interest jump | $1.5 Billion |
| Potential Short-term Support | $86,000 - $87,000 |
