Bitcoin Surges Past $112,000 as Experts Signal Further Rally Towards $130,000

Bitcoin soared to a new all-time high of $112,022, breaking free from previous consolidation and resistance levels. Charting a potential path to $130,000, experts see this rally as just getting started, although its sustainability depends on macroeconomic factors and trade negotiations. The rally might encounter a critical test around the $113,000 to $114,000 mark, where significant market reactions are expected. The increasing interest from publicly traded companies like Trump Media & Technology Group and GameStop to buy Bitcoin could influence market dynamics positively, but broader economic and political developments remain critical. If trade talks advance and inflation eases, the Federal Reserve might slash interest rates, further fueling Bitcoin's ascent, while setbacks could pose risks to its momentum. Overall, the outlook indicates a bullish trajectory, with important support levels around $111,422 to reinforce upward movement.