Bitcoin has surged to a new record high of $123,503, climbing 3.04% over the past 24 hours. The rally gained momentum through the afternoon trading window, with strong buying pressure pushing prices past previous resistance levels.
Market analysts point to renewed institutional inflows and positive macro sentiment as key drivers, alongside momentum from the broader crypto market. Ethereum also saw a major move, spiking over 4% in the same period, hinting at a wave of cross-asset enthusiasm in digital assets.
Bitcoin hit a new all-time high of $123,503 on Wednesday night, source: Bitcoin Liquid Index
With Bitcoin now deep into uncharted territory, traders are watching for signs of whether this breakout can sustain — or if the market is due for a sharp round of profit-taking.
Analysts such as Bitwise are pointing to a Bitcoin price prediction target of $200,000 in 2025.
More to come.
Source: https://bravenewcoin.com/insights/bitcoin-hits-fresh-new-all-time-high-at-123503