Deep Tide TechFlow News, on July 14, according to Jinshi Data, Tickmill analyst Patrick Munnelly stated in a report that Bitcoin has first broken through 120,000 USD, with its upward momentum stemming from the cryptocurrency emerging from a recent narrow trading range, which has continuously strengthened investor confidence. He mentioned that the previous trading range had raised doubts about whether Bitcoin could regain the strong upward trend it had earlier this year. The uncertainty surrounding Trump's political and economic policies had suppressed market enthusiasm for investing in Bitcoin, keeping it within that range. Now, with U.S. stocks and other risk assets reaching historical highs, Bitcoin has also reopened its upward trajectory, reigniting market enthusiasm.