According to Mihir (@RhythmicAnalyst) on Twitter, a weekly close above the 97430 level is necessary for Bitcoin (BTC) to establish a new all-time high. With three days remaining in the trading week, BTC is currently positioned above this critical resistance, suggesting strong bullish momentum and a potential breakout. Traders are closely monitoring the weekly closing price as a sustained close above 97430 could validate further upward movement and signal continuation of the uptrend (source: Twitter/@RhythmicAnalyst).