Bitcoin has reached a new all-time high of $111.9K, with further price increases anticipated by analysts.The drop in Bitcoin's 'Mean Dollar Age' to 429 days suggests the beginning of a potential bull market.Optimism in the cryptocurrency market is fueled by the rising values of altcoins and Bitcoin's growth.Analysts suggest that the sustained bullish phase in the cryptocurrency market may continue, with Bitcoin and altcoins showing signs of strong growth.