Bitcoin’s latest rally to an all-time high price of above $66,000 has given rise to a fresh wave of bullish predictions, with the cryptocurrency’s price already more than double where it started the year.

“Bitcoin breaking its all-time high was a long time coming and had been in the making ever since the asset shed 50% of its value in May,” Ben Caselin, head of research and strategy for crypto exchange AAX, told CoinDesk in an interview.

He now expects the price to rocket past the $100,000 mark, which a growing number of market analysts are penciling in as their new price target.

The Bitcoin blockchain is just 12 years old, and traders in digital markets and on Wall Street are arguably more focused than ever before on the cryptocurrency’s movements. So with the price now at unprecedented levels, analysts are adjusting their models and scrutinizing charts to predict what comes next.

Just this month alone, bitcoin’s price has rallied more than 50%, fueled by U.S. regulators’ first approval of an exchange-traded fund (ETFs) linked to bitcoin futures contracts. The ProShares Bitcoin Strategy ETF started trading on Tuesday on the New York Stock Exchange and hauled in $570 million of assets on its first day, while garnering an astounding $1 billion in trading volume, in one of the most successful ETF launches of all time.

The market’s previous all-time high was $64,889 in April. Since then, market prognosticators saw that mark as the price to beat. Now, with fewer readily available signposts, the outlook might be harder to gauge.

CoinDesk’s Damanick Dantes wrote Wednesday that $86,000 might represent the next key price target for bulls, based on a reading of price-chart signals.

“All eyes are set on the $100K mark, but when retail does rush in and more funds open up to bitcoin, including physically backed ETFs, $100K is unlikely to be the end of it,” Caselin said.

CoinDesk reached out to top market analysts for their insight. Here’s where they see the market headed.

Quick tease: Not everyone is bullish. Some analysts say bitcoin will find further gains past the $60,000 mark tougher to come by.

One risk is that soaring oil and natural gas prices might lead to extra scrutiny over the Bitcoin network’s energy usage, according to Edward Moya, a senior market analyst at Oanda. That’s especially the case as winter approaches in the Northern Hemisphere.

“Governments might take harsh stances if this winter leads to shortfalls in energy across several countries and that could mess with the hashrate,” Moya warned. Hashrate is a gauge of the number of computations sent every second to the Bitcoin network to confirm new data blocks and transactions.