The price of Bitcoin has surged again to over $110,000, with its market value far exceeding $2.2 trillion.
In just over four months, Bitcoin has achieved what many thought impossible; just 45 days ago, its price fell below $75,000, breaking the historical high of over $109,000 set in January. In the following hours, it struggled to fall back to $106,000, but the bulls regained control and pushed the price to nearly $112,000, which is the current peak.
This put the asset into price discovery mode, which means the following points:
1) All investors are taking profits;
2) There is no historical resistance for the future. Therefore, BTC will soar to higher price levels. The key price levels to watch next are $116,000, $126,000, $136,000, and $148,000.
#BTC
