Finally, Bitcoin’s price has strong technicals that may push it much higher in the long term. It has remained above the ascending trendline, connecting the lowest swings since Aug. 5 last year. 

Bitcoin has jumped above the key resistance level at $88,690, the neckline of the double-bottom pattern. It has also jumped above the 50-day and 100-day Exponential Moving Averages. 

Therefore, there are signs that it is gaining momentum, which will push it above $100,000 first and then to its all-time high.