Bitcoin price has been displaying extreme volatility, causing analysts to question if it will break past its current accumulation level and reach $104,000. The presence of Bitcoin futures price gaps suggests that the digital currency could experience significant movement. Traders are eyeing a gap between $84,650 and $94,000 as a possible price revisit before bouncing to new highs. The recent weekly close above the $93,500 mark indicates strong market support and a potential breakout from the current range. Additionally, the announcement of a U.S. strategic reserve of Bitcoin and top altcoins by President Donald Trump has brought optimism to the market, leading to an increase in trading volumes and sustained price movement. However, veteran trader Peter Brandt warns of a potential retracement due to a newly formed CME gap. Overall, the combination of factors suggests that Bitcoin's price may surge in the coming weeks.



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