It seems that the recent surge in Bitcoin's price has been supported by a combination of factors, including a reduction in macroeconomic concerns, renewed institutional investments, and an increasing appetite for risk.

Key Points:

Bitcoin's price has succeeded in breaking its previous highs, surging over 40% in the last 6 weeks.

The easing of trade tensions and U.S. trade deals have sparked investors' risk appetite.

The continued influx of additional investments into Bitcoin ETFs suggests that the upward wave has not yet reached its peak.

Bitcoin's price (Bitcoin-BTC) successfully broke its previous highs, reaching 111,861.22$ at dawn on Thursday, marking a strong rally that pushed it up over 40% in the last 6 weeks due to the return of investments to the crypto sector thanks to the easing of U.S. trade tensions; additionally, the increase in investments into Bitcoin exchange-traded funds (Bitcoin ETFs) and the opening of short positions worth $1.2 billion indicate that exciting events are on the horizon.