Bitcoin is currently up nearly 15% this week, with Cointelegraph earlier reporting on $71,500 as the key line in the sand bulls need to spark a “parabolic” phase next. Analyzing order book activity, meanwhile, popular trader Skew explained the likely methodology of the large-volume traders behind current price action.

Bitcoin’s all-time high was on Nov. 7, 2024, trading at $76,999.00 per bitcoin. The lowest intraday price that the crypto traded in the past year was $34,948.50 on Nov. 14, 2023. The original crypto is up by 106% year over year.

Bitcoin notched another record high on Friday, hitting $77,000 for the first time after setting repeated highs earlier in the week. The largest cryptocurrency by market value recently traded at $77,183,