Analyst: BTC weekly closing needs to hold at $97000 to challenge historical high

On February 21st, according to Cointelegraph, analysts pointed out that if BTC can close above $97,000 this week, it will have the potential to initiate a rally towards a new all-time high. Currently, BTC has pumped for three consecutive trading days, up 6% from the low point of $95,000 on February 18th, with a trading price of $99,158. Analyst Rekt Capital said BTC is currently finding support at $97028, the lower border of the triangle market structure. Over the past three weeks, BTC has seen a downward trend, but it has remained intact. Another analyst, Warren Muppet, pointed out that BTC broke above $98,000 for the first time since February 4, and a confirmed breakout could be expected to hit new all-time highs.