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BTC Price Forecast: Bitcoin Retests All-Time High at $112K—$115K and $120K in Sight?

  • Bitcoin's price hit a new all-time high of $112,000, prompting a broader crypto market rally following weeks of consolidation around $109,000.
  • Analysts predict a potential rally towards $116K–$120K if $112K becomes a strong support level, with interim targets at $113K, $115K, and $120K.
  • Inflows into U.S. spot Bitcoin ETFs exceed $50 billion, with BlackRock’s IBIT contributing significantly, supporting Bitcoin's rally.
  • Investors are monitoring BTC's next moves closely, with a focus on maintaining bullish momentum above $112K and potential downside towards key support levels if rally fails.

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