$SOL The cryptocurrency market has returned to an upswing, with Bitcoin making headlines after breaking through the resistance level at $111,000. Earlier today, the price of Bitcoin briefly touched $112,150, surpassing its all-time high by a slim margin. Although the price has slightly retreated to around $111,400, analysts believe this move indicates strong upward momentum in the market.

Despite concerns about market collapses, wars, and negative news, chart data, on-chain trading activity, and macroeconomic trends suggest that the bullish trend will continue. Many had anticipated this breakout for months, and the next main target for Bitcoin could be around $120,000.