Bitcoin Breaks Out to New All-Time Highs, Aiming for $116K

Bitcoin has surged past its previous all-time highs, marking a significant breakout that signals a potential new cycle high. The cryptocurrency is poised to rise another 12–15%, potentially reaching the $109,000-$116,000 range. Historical data suggests these breakouts often lead to strong price increases. Market analysts are closely watching as Bitcoin continues to hover near $103,000. If the current trend persists, this could push Bitcoin into a new bull run.