Bitcoin ($BTC) has made a historic price movement after shattering its former all-time high level. As per the latest data, Bitcoin’s price has recently surged to $109,486, soaring above the previous ATH while also setting record levels in realized cap and market cap. The on-chain analytics firm took to social media to reflect on Bitcoin’s latest milestone achievements.

Bitcoin Soars to $109,486, Shattering Previous ATH Record

In line with the market data, Bitcoin ($BTC) has set a new all-time high price level at $109,486. This remarkable development comes 121 days following the former peak. Simultaneously, the realized capitalization and market capitalization of the flagship crypto asset have also seen considerable increases in the meantime. In this respect, Bitcoin’s market cap stands at $2.17T while the realized cap thereof accounts for up to $911.5B.

This bullish breakout of the Bitcoin ($BTC) is widely interpreted as a key move in its price journey. In this respect, Bitcoin’s current upsurge has occurred after several corrections over the previous months. In addition to this, Bitcoin’s price movement also highlights volatile and dynamic accumulation patterns. Nonetheless, since March’s start, the top cryptocurrency has been showing a steady surge that has led to the bullish breakout of today.

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The exclusive market statistics also indicate notable developments responsible for triggering the latest all-time high. Particularly, capital inclusion has been a key factor boosting the bullish momentum around Bitcoin ($BTC). Hence, the liquidity is reportedly flowing strongly, boosted by massive ETF inflows along with a rise in retail interest. Complementing this is the extremely bullish sentiment across social media.

Flagship Cryptocurrency Eyes $114K as Immediate Price Target

According to Glassnode, achieving the all-time high of $109,486 also displays robust investor sentiment. Specifically, the surging institutional activity concerning Bitcoin has also driven the dominance of Bitcoin over altcoins. This suggests that big entities are raising their positions, further fortifying Bitcoin’s market position. Meanwhile, Bitcoin sees key support at $104,000 while aiming at $114,000 as the next price target.