Bitcoin’s price is surging towards $110,000, driven by increasing institutional investments and a flurry of buy orders from both retail and institutional investors. This surge has analysts predicting further growth, with some even forecasting Bitcoin’s price to reach $150,000 by year-end. Key factors contributing to the movement include robust institutional purchases by companies like BlackRock and Fidelity, which are driving market sentiment and influencing investor strategies. A recent study revealed that over 375,000 BTC were purchased during periods of consolidation, suggesting a strong foundation for potential future growth. The current price action reflects heightened interest from both institutions and retail investors, potentially igniting significant buying pressure in the market. Experts are observing historical patterns indicating similar price movements in Bitcoin’s past after it broke through certain price levels, driven by institutional and technical factors.