📰 Bitcoin breaks a new all-time high!
The price of Bitcoin has just surpassed $118,000, marking an unprecedented milestone driven by a significant influx of institutional capital, legislative optimism in the U.S., and growing interest in ETFs.
📈 Technical context
Resistance break: The price broke key levels ($117k–$118k) accompanied by increasing volume, a clear signal of bullish strength.
Short squeeze: Over $1 billion in short positions were liquidated, accelerating the rise.
Institutional migrations: Massive flows into ETFs and strategic purchases by companies and governments as part of reserves.