Bitcoin Soars Past $111K on Bitcoin Pizza Day: Analysts Predict Further Gains

Bitcoin hit a new all-time high of $111,861.22 on May 22nd, marking the fifteenth anniversary of the first Bitcoin purchase for two pizzas in 2010. This historic milestone coincides with an overall bullish market sentiment and growing institutional involvement. Experts predict that Bitcoin could reach $150,000 by August. The recent surge comes as a result of strong market trends, increased participation from institutions, and a decreasing supply of bitcoin. Bitcoin price action indicates strong support at the $110,000 level after an extended consolidation in the $90,000 to $100,000 range.