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

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