Bitcoin has reached a new all-time high, marking its highest-ever weekly close, but continues to face resistance at key price levels. The volatility is influenced by selling pressure at psychological thresholds and persistent buying by spot exchange-traded funds. As the industry assesses the impact of ETFs, some analysts are adjusting their long-term BTC price predictions, with figures like $1 million being considered conservative. The U.S. macroeconomic data is expected to influence the Federal Reserve's interest rate decisions, with markets anticipating the next Fed meeting.