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Bitcoin Hits New All-Time High at $112K as Smart Money Steps In, Eyes $118K Next

  • Bitcoin hit a new all-time high of $112,152, signaling bullish confirmation across key indicators.
  • Retail exit and negative sentiment helped fuel the smart money-led rally, with indicators pointing to potential further gains towards the $115K–$118K zone.
  • Technical indicators, including moving averages and MACD, support the current uptrend, with the RSI indicating room for more upside before potential consolidation.
  • Bitcoin's immediate target after the confirmed breakout is set at $115,000 to $118,000, with support levels identified at $108,000 to $110,000 and the 20-day EMA at $107,738.

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