$BTC $113k hits

Bitcoin’s recent breakout above $100,000 pushed market capitalization beyond $2 trillion. This achievement marks the start of what analysts expect to be a sustained upward trend. Technical indicators provide additional confirmation. The MVRV ratio shows strong accumulation, while the NUPL metric highlights room for growth.

These factors align with the 100% Fibonacci extension level, which points to $113,000 as the next major target. Spot ETFs have also changed the game. Institutional investors have rapidly increased holdings, surpassing even the legendary wallet associated with Bitcoin’s creator. This shift underscores growing confidence in Bitcoin’s future.