Bitcoin just surged past the $71,000 level at about the start of office hours in continental Europe (kani-kanina lang). This is a third new all-time high valuation in as many weeks.

This means the $69k and $70k resistance levels (thanks to profit-taking) from the past couple of weeks have been conclusively broken; weeks away from the next halving which will definitely spur on more bullish moves from speculators.

A few models are predicting at least a $150k all time high in mid 2025 and then the bears take over into a crypto winter all the way to 2026. This in reference to the past bitcoin boom and bust cycles in 2017 and 2021: where all time highs were recorded a year after a halving event and then drastically dropping into the next year.

Let's see if this cycle still holds true as BTC is now legitimately part of institutional investment in Wall Street, no thanks to the ETF approvals in January.