Bitcoin (BTC) is close to hitting a new all-time high at $118,000. BlackRock’s Bitcoin ETF (IBIT) reached $80 billion in assets under management, making it the fastest ETF to do so. Bitwise Asset Management CIO predicts BTC to surpass $200,000 by year-end. Hedge fund manager believes there is no limit to how high bitcoin can go. Technical analysis shows bitcoin consolidating around $118,000 with potential for bullish momentum. Significant price movements and support/resistance dynamics suggest institutional participation and upward momentum.

Read more at Yahoo Finance: ‘We Expect Bitcoin to Top $200K by the End of Year’, Says Bitwise CIO