Bitcoin’s Surge Continues: New All-Time High Within Reach

Bitcoin has experienced a significant surge, reaching new highs and shattering the $100,000 mark in May. The cryptocurrency’s rally accelerated rapidly within weeks, climbing by over 18% to surpass $111,970 on May 22 before experiencing a minor pullback. Despite this, market sentiment remains cautiously optimistic, fueled by strong institutional demand and anticipation of further price increases. Analysis indicates that Bitcoin’s trajectory is still firmly upward, with analysts like Lark Davis dismissing any notion that the rally has peaked.