Bitcoin price surged past its all-time high, hitting $112,000, and currently holds above $110,000 with strong bullish sentiment.
Bitcoin Price Temperature metric is at 2.67 points, indicating potential market overheating, though still below historical averages.
Bitcoin's momentum is strong amidst global economic risks, with analysts cautious about the need to clear $115,000 to confirm a new bullish phase.
BTC maintains a strong bullish structure on the daily chart, with important support levels at $103,600 and $100,000 as consolidation is expected after the recent surge.