Bitcoin Reaches New Heights

🟧On the anniversary of the first-ever pizza purchase with Bitcoin (Bitcoin Pizza Day), the leading cryptocurrency hit a new all-time high of $111,888. The rally is supported by strong inflows into Bitcoin ETFs and a powerful bullish momentum. Technical analysis shows breakout patterns like the “flag,” reinforcing projections toward $117,000 and $120,452.

🟧Indicators confirm the trend’s strength: the RSI has entered overbought territory, and EMAs continue to trend upward. Open interest in the derivatives market has surged to $81.3 billion, reflecting growing trader confidence. Short position liquidations totaling $177 million further highlight buyer dominance.