#BTCBreaksATH

Bitcoin's recent surge past $112,000 is driven by several factors :

- *Institutional Interest*: Growing demand from institutional investors, with companies like Metaplanet acquiring significant amounts of Bitcoin, has contributed to the price surge. Metaplanet recently added 1,111 BTC to its holdings, valued at around $118 million.

- *Spot Bitcoin ETFs*: Record-breaking inflows into US spot Bitcoin exchange-traded funds (ETFs) have boosted investor confidence. These ETFs provide regulated exposure to Bitcoin, attracting more investors.

- *Global Liquidity*: Increases in global M2 (money supply) often lead to price surges in Bitcoin, indicating a relationship between liquidity and cryptocurrency value.

- *Technical Patterns*: Bitcoin's cup-and-handle pattern suggests a potential target of $144,000, up 37% from current levels.

Looking ahead, experts predict :

- *Short-term*: Bitcoin might reach $120,000 by the end of July if it breaks through the $110,000 resistance level.

- *Long-term*: Forecasts suggest Bitcoin could hit $175,000 in 2025 and $900,000 by 2030, driven by increasing adoption, institutional interest, and potential rate cuts by the Federal Reserve.

Keep in mind that cryptocurrency markets are highly volatile, and predictions are subject to change based on market sentiment and global economic conditions.