Bitcoin ($BTC) has reportedly made another landmark achievement with its surge to a new ATH. The market data reveals that Bitcoin has recently touched $119, 216, as per CoinMarketCap data, denoting its new all-time high price as it maintains market dominance among bullish momentum. This price spike raises speculation about Bitcoin’s potential jump above $120K in the near future. Bitcoin has shattered its ATH multiple times this week.

Bitcoin Sets $119,292 as Latest ATH as Market Momentum Grows Bullish

After attaining the new all-time high price of up to $119,216, Bitcoin ($BTC) is now changing hands at $118,714.56. This price level reportedly accounts for a 0.9% increase over the past twenty-four hours. In addition to this, the market capitalization of the flagship cryptocurrency stands at $2.35T, showing a 0.95% upsurge. However, the 24-hour volume of Bitcoin has dipped by 20.29%, reaching $44.45B.

Just like the aggressive 1-day price movement, the weekly performance of Bitcoin ($BTC) is also optimistic. In this respect, the top crypto asset has recorded an 8.93% increase in its price over the past seven days. Apart from that, the monthly price outlook of Bitcoin is even robust, with a stunning 13.32% increase over the past 30 days. Additionally, the fully diluted valuation of Bitcoin is nearly $2.5T, reinforcing Bitcoin’s stronghold in the market.

At the same time, Bitcoin’s candlestick chart also reflects bullish momentum. Particularly, the latest green candles have effectively outpaced the bearish moves. In line with Bitcoin’s price movement over the past 24 hours, it fluctuated within the $116,975-$119,360 range. Subsequently, the recent push above the $119K mark signifies a notable turning point, expressing the heightening investor confidence, especially among institutions.

Market Onlookers Eye $120K as Immediate Price Target

As Bitcoin ($BTC) now claims $119,216 as its exclusive ATH level, market onlookers are eyeing the psychological $120K level as the immediate price target. At the same time, the traders are cautiously confident while expecting a likely continuation of this bullish trend. Keeping this in view, the next hours are crucial to be watched to determine the sustenance of this bullish trajectory or a reversal.