Bitcoin’s price reached new heights this week, exceeding $104,000 for the first time since February. The rally has been fueled by optimism regarding easing trade tensions between major economies and growing institutional investment. [Include relevant data here to showcase the size of Bitcoin’s market cap] The influx of capital into spot Bitcoin ETFs adds further support to this upward trend. Notably, analysts have revised their Bitcoin price forecasts, with many predicting a significant surge in value exceeding previous projections. Standard Chartered’s prediction now anticipates $110,000 as the target price. [Include relevant data about market sentiment such as the crypto fear and greed index] This upward trend is indicated by the recent movement of Bitcoin’s weekly chart. The RSI and MACD indicators remain positive, signaling continued bullish momentum. The next milestone for Bitcoin could be breaking through its all-time high of $109,400.