Bitcoin is extending to new highs on the day, and in the process is making a push toward the all-time high from Sunday at $125,725. A break above that mark would be a significant technical milestone, as it would open the door for further upside momentum.
The next key hurdle sits at a topside trendline connecting the July and August highs, which comes in near $127,000. A move through that level would leave little in the way of resistance, effectively creating an open road for buyers to drive the trend higher.
Meanwhile, the Nasdaq index is trading to a new all-time high at 22949.85.
