Bitcoin is surging past the $90,000 mark, crossing into a new all-time high. Key factors driving this rally include expanding DeFi applications and increasing institutional interest, according to analysts. Their analysis suggests a potential path toward an extension of $118,000. The monthly Bollinger Bands are showing strong structure with higher lows, matching the pattern from previous cycles, and hinting at a significant surge. This bullish signal is being further supported by rising US demand and robust inflows into spot Bitcoin ETFs, according to market experts. The $90,500 support area remains intact after recent price surges, demonstrating resilience in the face of volatility. Traders are closely watching for potential resistance at the 0.382 Fibonacci level, a key indicator often seen as support. The latest analysis suggests that if Bitcoin follows a similar pattern from previous cycles, it could climb toward $118,000.