Analysis: There is a 70% probability that Bitcoin will reach a new all-time high in the next two weeks.

The price of Bitcoin is currently close to $117,800, and analysts believe there is a 70% chance it will hit a new high in the short term. Since September 9th, the inflow of funds into Bitcoin exchange-traded funds has been strong, and the futures market is showing a bullish trend, all of which support this optimistic outlook. Although there may be a price correction near $114,000, researcher Axel Adler Jr. suggests that the current price trend is more inclined towards consolidation or a gradual increase. If the closing price of Bitcoin surpasses $117,500, it will confirm a valid breakthrough and reduce the downside risk.