#BTCBreaksATH Bitcoin has indeed broken its all-time high, reaching a new milestone of $112,055 on July 9. This surge comes after a strong bullish reversal, breaching the $109,500 resistance zone and reclaiming the $111,000 mark. The cryptocurrency's market dominance has risen to 64% following this price action.

*Recent Price Movement:*

- *Current Price*: $110,815.27

- *Open Price*: $109,444.04

- *High Price*: $111,999.79

- *Low Price*: $108,503.00

- *Percent Change*: 1.25%

*What's Next for Bitcoin?*

Analysts predict that Bitcoin could accelerate toward its next targets, potentially reaching $115,000 or even $120,000. However, increasing profit-booking could lead to a price drop to $109,500 or lower support levels like $107,100 or $104,000.

*Market Impact:*

- *Institutional Investment*: BlackRock's iShares Bitcoin Trust has recorded 24 days of inflows in the last 25 days, accumulating over 636,000 BTC.

- *Corporate Accumulation*: Companies like MicroStrategy and Metaplanet are also accumulating more BTC, with MicroStrategy holding 576,230 BTC and Metaplanet adding 1,004 BTC to its holdings ¹ ².