Bitcoin’s surge to $113,900 signals rising adoption, and Fed rate cut expectations.

Bitcoin’s rally to new highs was driven by long-term accumulators and spot inflows, suggesting that BTC’s next milestone price is in the $130,000 range.

Bitcoin has traded in a tight range for several weeks despite billions of dollars flowing into bitcoin exchange traded funds.

Cryptocurrency markets are trading higher on Thursday, with Bitcoin making a new all-time high beyond the $113,000 mark.