Bitcoin has broken its all-time high and surged to a new record, defying expectations with strong momentum and institutional demand.
BTC/USDT has surpassed $109,400 on Bitfinex, indicating a bullish cycle and potential for further growth, as suggested by BlockPIO and Peter Akintade.
Peter Akintade's analysis points to Bitcoin completing its fourth major cycle, with expectations to exceed $112,000, highlighting the cyclical nature of BTC's price action.
Technical analysis by Whales_Crypto_Trading indicates a bounce off the 100 MA and support zone, setting the stage for a channel breakout and potential for new highs in Bitcoin's price.