At one point early Wednesday, Bitcoin analysts were saying that a worrying amount of BTC had been transferred onto exchanges, and the asset faced a steep sell wall on its way to a six-digit milestone.

But that didn't last very long.

Last last night during U.S. trading hours, Bitcoin climbed as high as $103,679 according to CoinGecko data.

And even now, as the Bitcoin price hovers at $103,511—having climbed nearly 8% compared to this time yesterday—it's within striking distance of another new all-time high mark.