Bitcoin is expected to reach new all-time highs.

The digital currency is still trading within the supply zones previously warned about

 in previous analyses and reports, which so far constitute strong resistance

preventing the digital currency from continuing its upward trend at this time.

So far, Bitcoin has risen approximately 40% over the past six weeks.

If the upward trend continues and the previous all-time high is breached,

which is located near $109,581, it is likely that we will see a rise to $130,000, as some forecasts indicate.

Technically:

Bitcoin is moving within an ascending price channel and is still trading within supply zones.

If the ascending channel is broken and closed below it,

 it is expected to return to the downside and correct again in the medium and long term.

If it breaks and closes above the current supply zones with a full-day candle,

Bitcoin is expected to target the $130,000 level, as we mentioned earlier.