Bitcoin could reach a new all-time high of $128,336 if it closes between $118,000 and $120,000, according to analyst Egrag Crypto. The cryptocurrency has recently closed above a critical support level and is trading near the tip of a symmetrical triangle. Egrag Crypto suggests that maintaining this range for three consecutive daily candlesticks could trigger a breakout to new highs. Currently, Bitcoin is priced around $117,000, and failure to surpass the predicted range may lead to consolidation within the triangle.