Bitcoin price nears all-time high: Analyst says BTC could surge to $118,000 soon

Bitcoin is inching closer to its all-time high price as it reached $108,050 early on Wednesday, as per a report. While it slightly pulled back, Bitcoin remained up 0.72% in the past 24 hours, settling at $106,145 at press time, reported report. According to the report, analysts are optimistic, with some predicting a significant move higher in the coming Predicts Bitcoin's Fast Jump to $118,000On-chain analyst Willy Woo has predicted that Bitcoin’s next big move could come soon after it reaches its all-time high, as per May 21, Woo wrote in a post on social media X (previously Twitter) that, Once Bitcoin properly breaks all-time highs, the move to $118,000 will be very fast, quoted . His prediction is similar to the growing sentiment in the crypto community that Bitcoin might soon set new all-time highs, reported Just 2.71% Away from All-Time report calculated that at the current levels, BTC is just 2.71% away from its all-time high of $109,114, which it hit in Poll Reveals Crypto Community SentimentOn-chain analytics platform Santiment had started a poll asking, now that Bitcoin has breached $107,000, when will its market value breach the $109,026 all-time high from Jan. 20, 2025? reported poll found that a total of 71.5% of respondents chose the option of by end of May , as per the report. The survey also revealed that 16% voted for the option of by end of 2025, while 3.4% chose 2026 or beyond, according to report. As BTC is currently holding above $100,000 for over 11 days in a row, some traders consider this as a sign of accumulation and strength at current levels, as per . Crypto Market Approaches $4 TrillionWhile, the crypto market nears a $4 trillion market capitalization, some experts in the crypto community have predicted that BTC will reach all-time highs soon in the coming weeks, as per report. CoinMarketCap showed that the total crypto market cap currently stands at about $3.35 trillion, according to close is Bitcoin to its record price?As of now, it’s just 2.71% away from its all-time high. Who is predicting a quick move for Bitcoin?Crypto analyst Willy Woo says that once Bitcoin breaks its high, it could rapidly jump to $118,000, as per report.