Bitcoin has hit a new all-time high, soaring past $107,700 as of December 16. This surge follows a weekend rally, driven by strong buying activity in the US and a resurgence of the Coinbase Premium. Notable purchases include Semler Scientific acquiring 211 BTC for $21.5 million and MicroStrategy buying 15,350 BTC for $1.5 billion. Analyst Willy Woo highlights over $3 billion entering the Bitcoin network daily, while ETF inflows remain a key driver. With these dynamics, Bitcoin's price could be on track to reach $115,000, according to investor Timothy Peterson.