Bitcoin Surges to New All-Time High Above \$110K

Bitcoin surged past its previous all-time high and the key psychological barrier at $110K on Thursday, reaching a new record just below $112K.

The rally was fueled by renewed optimism around potential progress in crypto regulation, which attracted strong interest from institutional investors and reignited bullish momentum.

The breakout confirms the completion of the recent corrective phase from the prior peak at $109,528, signaling the potential start of a new leg in Bitcoin’s broader uptrend.

A sustained move above $110K would solidify the bullish signal and pave the way for further gains, with the market eyeing $120K as the next major target. Bitcoin is also on course for its sixth straight weekly advance and a second consecutive strong monthly gain.

While some consolidation is likely as markets absorb the latest breakout, pullbacks are expected to remain limited. Former resistance levels have turned into solid support zones, particularly around the 10-day moving average at $105,400, which is likely to contain any deeper dips and provide a base for the next move higher.

Res: 111941; 115000; 116985; 117887
Sup: 110000; 109582; 107090; 105400