Bitcoin (BTC) seems poised to retest its all-time high of $109,114 today as the token has booked a 2.9% gain in the past 24 hours and stands just 1.6% away from reaching that target.

Bitcoin prices on Wednesday jumped to an all-time intraday high of $109,359.59, exceeding the high touched on Inauguration Day in January, according to Dow Jones Market Data. On the day, the cryptocurrency was up about 2%.

The Bitcoin price has hit a new all-time high (ATH) of $109,487, overtaking Amazon's stock to become the fifth-largest asset by market cap.

The world’s largest cryptocurrency reached $107,998 early in the day, just short of its record $109,224 reached on Inauguration Day in January.

The price of bitcoin surged to a new record high Wednesday as the digital currency extended a rally fueled by renewed investor risk appetite and optimism about a favorable regulatory backdrop.

The Asian on May 21 session saw BTC price set up a local top at $107,950 on Binance, shy of 1.86% from its ATH of $110,000. While Bitcoin (BTC) is inches

Bitcoin (BTC) price stabilizes above $106,000 on Wednesday, a few inches away from its all-time high (ATH) of $109,588 set on January 20. BTC’s Open Interest (OI) has surged to a new record high of $75.14 billion, mirroring the setup of previous bullish cycles.

Bitcoin enters a breakout zone that historically has been followed by sustained explosive rallies. The Bitcoin Quantile Model shows “heat” with price on the verge of an “acceleration phase,” echoing Q4 2024 when BTC embarked on a 45% post-election rally.

The price of Bitcoin surged above $109,000 on Wednesday, setting a new all-time high price four months after the last milestone.

Bitcoin's price is creeping back toward all-time highs this week, but one options trade is eyeing much bigger gains in the month ahead.

Bitcoin bulls continue to work on reclaiming higher levels as Japanese debt offers a fresh BTC price tailwind.