Key Takeaways Bitcoin reaches a new all-time high of $118,000, driven by strong market momentum and institutional interest.Support from the Federal Reserve’s ex

Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.

Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.

Bitcoin has broken out and its price finds itself in chartered territory. Can BTC maintain its bullish momentum?

Bitcoin's recent bull run has been characterized by steady price increases and declining volatility, aligning more with traditional financial markets.

Bitcoin price stabilizes around 111,000 on Thursday after hitting a record high of nearly $112,000 the previous day. Fed Minutes spark renewed risk-on sentiment as it showed officials foresee interest rate cuts later this year, boosting momentum across markets.

In summary, Bitcoin currently stands at a critical juncture, held up by solid support while technical signals point to hesitation above resistance. The convergence of technical setups and broader market sentiment sets the stage for a potentially decisive move in July, one that could define the next chapter of its price trajectory.

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