☄️Why did Bitcoin hit $106,000? The main factors behind this historic surge☄️

↗️Highlights📉
🔺Bitcoin hit a new all-time high of $106,352, and the crypto market is approaching a total value of $4 trillion.
🔺Bitcoin Dominance: Up 57.38%, indicating growing public acceptance and increasing institutional demand.

🔻Bitcoin Growth: Is $120,000 the next target?

🔹Bitcoin price is moving towards higher targets after breaking through the psychological $100,000 mark. Renowned analyst Peter Brandt predicts that Bitcoin will soon hit $120,000 as the cryptocurrency continues to take a larger share of the gold market.

🔹From a technical analysis perspective, Bitcoin has broken out of an ascending triangle pattern on the daily timeframe. With bulls in control, a short-term correction below $100,000 is likely to retest the bullish breakout.