<ul data-eligibleForWebStory="false"><li>Bitcoin hit a new all-time high of $112k after adding 3% on Wednesday.</li><li>The coin could rally towards $115k-$120k with favorable macro conditions and price action.</li><li>Increasing institutional demand and companies adding Bitcoin to their balance sheets are driving the positive performance.</li><li>Technical analysis suggests BTC might temporarily dip to $109,700 before potentially surging to $116k-$120k if $112k holds as support.</li></ul>

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