<ul><li>Bitcoin has surged to a new all-time high of $111,889, driven by renewed investor interest and increasing institutional activity.</li><li>Geoffrey Kendrick of Standard Chartered foresees further upside, with Bitcoin potentially reaching $120,000 by Q2 2025, $200,000 by year-end, and $500,000 by 2028.</li><li>Institutional rotation towards Bitcoin, shift from traditional assets like gold, and Bitcoin's correlation with US Treasury term premiums are key factors fueling bullish forecasts.</li><li>Analysts express mixed sentiments on Bitcoin's future due to liquidity concerns and regulatory developments, but overall, optimism remains high supported by institutional demand and regulatory clarity.</li></ul>

Here’s What Pushed Bitcoin to $111K and Why Analysts See More Upside

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