Big Bitcoin Upsides Predicted After Bullish Weekly Close

Key Points

1. Bitcoin closed the week at $119,466, potentially kickstarting a breakout from a 'bull flag' pattern if it maintains above $119,200.

2. Bitcoin is less than 3% away from its all-time high, with an intraday high of $119,754 on Sunday.

3. Analysts identified a large liquidation cluster at $113,800 and an unfilled CME gap at $114,300, suggesting possible price movement towards these levels.

4. Ethereum is outperforming Bitcoin, surging 3.5% to a seven-month high of $3,940, with analysts predicting a 'monster move' if it breaks $4,200.

5. Ethereum remains down almost 20% from its 2021 all-time high despite its recent bullish performance.