Bitcoin (BTC) hit a new all-time high at $118,856 as trading volumes more than doubled and short liquidations surpassed $1.1 billion in 24 hours. A confirmed bull flag breakout on the daily chart sets up a potential mid-term target of $163,

Bitcoin price surprised traders on Wednesday by posting a sharp 2.8% surge, its biggest gain in six days. Click to read.

Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.

Bitcoin has broken out and its price finds itself in chartered territory. Can BTC maintain its bullish momentum?

Bitcoin is getting a boost from a handful of catalysts that could take its price as high as $143,000, Rosenberg Research said.

Data from analyst Joao Wedson reveals that 98% of altcoins performed better than Bitcoin over a 48-hour period. This surge pushed altcoin performance into what analysts call the “altseason zone.” 98% of Altcoins have already outperformed BTC in the last 48 hours. This is a mini Altcoin Season.

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Analysts say this classic technical analysis metric points to new highs developing for Bitcoin price in the medium term.

The most successful asset of the last 15 years is once again annihilating the doubters. In the last hour, a total of $687.22 million in Bitcoin shorts have been liquidated, according to the crypto data aggregator CoinGlass.