Bitcoin's current price momentum above $100,000 has sparked bullish price predictions, with market analysts expecting a move towards $118,000.
Analyst Willy Woo believes that once Bitcoin breaks its all-time high, the climb to $118,000 will be rapid, supported by significant capital inflows into the market.
Bitcoin recently hit a new all-time high of $109,767 before retracing slightly, showcasing strong buying pressure and gaining over 24% in the last 30 days.
Market participants are optimistic about Bitcoin's near-term performance, anticipating further bullish movement in the coming days.