Bitcoin price surged past $111,000 on May 22, marking a new all-time high and signaling continued bullish momentum. This significant milestone coincides with the historic Bitcoin Pizza Day, which commemorates the first real-world purchase of Bitcoin in 2010. Several factors are driving this growth, including increased institutional investment, evolving regulatory landscapes, and shifting investor sentiment amidst economic uncertainty. As investors seek alternative assets to traditional equities, Bitcoin is attracting significant attention. The rise aligns with a wider trend as institutions such as JPMorgan Chase now offer Bitcoin access through their platforms, signaling a shift towards greater mainstream adoption. This has been fueled by growing institutional interest in ETFs and derivatives markets, contributing to robust inflows. Notably, open interest across derivatives markets has reached an all-time high of over 722,000 BTC, indicating significant leverage within the market. Technical analysis suggests continued bullish momentum, with price action breaking above a resistance level near $105,000. If sustained, Bitcoin could potentially reach higher levels like $120,000 or even $136,000 in the coming days and weeks, though a pullback towards $98,000-$100,000 may occur before further growth. The market’s volatility remains high, highlighting a need for cautious trading strategies as we navigate this dynamic phase.