Bitcoin (BTC) reached an all-time high (ATH) of $106,803, fueling optimism about crossing the $110,000 mark.President-elect Donald Trump's proposal for a U.S. strategic Bitcoin reserve contributes to the price surge and potential government adoption.Technical indicators and institutional interest support the outlook of BTC reaching $110,000 or higher.However, caution is advised due to the volatile nature of the crypto market and the possibility of retracements.