Bitcoin Price Surges to New Record Highs, Driven by Whale Demand and Cloud Structure Confirmation

Bitcoin has reached a record high of $114,000 as strong whale demand and technical indicators confirm bullish momentum. The surge is attributed to increasing institutional interest in the cryptocurrency following a period of growth driven by DeFi applications and reduced exchange liquidity. 2,500 new large wallets holding over 100 BTC have accumulated significant Bitcoin holdings since late 2024, leading to price gains near $114,000. Ichimoku cloud structure, with support levels above $102,000 and strong resistance near $120,000, further supports the bullish outlook.