Yes bitcoin recently crossed $115k, which is impressive considering it wasn’t long ago it hit $119k. The market still looks bullish especially with big institutions stepping in. If the momentum continues $118k–$120k might be within reach sooner than we expect.
Am surprise with the way bitcoin price has been increasing recently, thats really a nice one. As we can see bitcoin price keeps on increasing which is really a nice one, few days ago, bitcoin price hits another all time high, bitcoin hit $123k which I wasn’t really expecting this month, seriously it’s really a nice one, and as we can see, we should expect bitcoin to create more records soon.
While you are surprised at the increase in price, I long expected the increase because everything was in their right place for the price to move rapidly. First it was the ETF approvals that paved the way for massive investment into Bitcoin, this being the initiator of the current bull run before the halving happened and added more fuel to the market. From last year to recently, we have also seen rapid purchase of Bitcoin by new whales and a big interest of government in Bitcoin which when added together simply show that Bitcoin is destined to rise with momentum. I expect more interesting moves from Bitcoin as we enter the later part of this year.