Bitcoin traders see $122K in weeks as BTC price breakout looms


Bitcoin bulls are back as BTC price action lingers less than $5,000 from all-time highs.

Bitcoin (BTC) closed in on new monthly highs on Jan. 19 as traders braced for the return of BTC price discovery.

BTC/USD 1-day chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD was nearing $105,500 on Bitstamp ahead of the weekly close.

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