$BTC Bitcoin surged to new all-time highs, trading near $118,000 with intraday peaks around $118.7K and dips close to $116.8K . The rally, now over 25% year-to-date, is fueled by a historic $1.1 billion short squeeze, record ETF inflows (~$1.18 billion in a single day), and strong institutional demand . Market analysts point to bullish technicals—a breakout “bull-flag” pattern—suggesting potential upside toward $134K–$163K . Macro tailwinds include crypto‑friendly U.S. policy, top‑down support from the Trump administration, and upcoming “Crypto Week” in Washington . Volatility remains high, but momentum favors further gains.