Bitcoin has reached a new all-time high of $116,500 thanks to institutional demand

BTC continues to hold near its all-time high, trading in a narrow range of $116,500–$116,600, showing signs of accumulation before a new breakout.

Bitcoin is demonstrating ideal bullish consolidation: low selling pressure. Increased participation from institutional investors. Technical patterns indicating a continuation of the trend.

Next target: $120,000+ if the current support level holds.