Bitcoin surged to an all-time high of $112,040 with institutional interest and momentum indicators driving the price increase.
After reaching $112,040, Bitcoin retreated slightly and is currently trading near $111,370, holding above $110,000.
Investors anticipate Bitcoin to test resistance levels at $112,568, with potential moves toward $115,800 or even $121,000, while facing support around $109,300.
Bitcoin's technical analysis suggests potential momentum towards $120,000, as trading volume and open interest show increased market activity and stable sentiment.