Bitcoin pushes above $112,000, setting a new all-time high as forced short liquidations and scarce supply fuel the rally.
Historic surge lifts the market
Bitcoin has surged past the $112,000 mark, reaching a fresh record. The move was driven by over $200 million in liquidated short positions within just 24 hours, forcing prices even higher.
Traders betting on a pullback were caught off guard, triggering cascading stop-outs. Meanwhile, low exchange reserves and renewed institutional demand continue to support the bullish momentum.
Key resistance levels ahead
Technical analysts now point to possible resistance zones around $120,000, though the current momentum remains strong. Investors are closely watching fresh capital inflows and dwindling sell pressure that could pave the way for further highs.
At the same time, global concerns over inflation keep fueling interest in Bitcoin as a hedge, reinforcing the narrative among institutional players.
What comes next?
With sentiment firmly bullish, volatility is expected to stay elevated. Many market watchers believe this cycle is far from over, especially given Bitcoin’s tight supply and a liquidity environment hungry for returns.
Eyes are on macroeconomic signals and the next wave of large-scale buying that could propel Bitcoin beyond $120,000 in the weeks ahead.
Will we see BTC smash through $120K sooner than expected?
