Bitcoin Breaks Past $107,500 Barrier: Is a New All-Time High in Sight?

Bitcoin shattered the symbolic threshold of $107,500 this week, reaching within 2% of its all-time high. This surge in value is attributed to major institutional investments and an overall bullish market sentiment. While a slight pullback to around $106,200 has occurred, Bitcoin remains strong, hinting at the potential for further growth. Will it break through the psychological barrier of $110,000 this week? Will this price surge be sustained as traders anticipate new record-highs?