<ul data-eligibleForWebStory="true">Bitcoin is currently trading around $107,849, nearing its all-time high of $111,970 from May 22, 2025.Factors such as massive institutional adoption and weak dollar are supporting Bitcoin's bullish momentum.Geopolitical tensions, like the Israel-Iran conflict, are enhancing Bitcoin's appeal as a safe-haven asset.Bitcoin is predicted to potentially break $120,000 in the short term, with a bullish outlook in both the short and medium term.