📈 Bitcoin Jumps +$4,079 Today — What’s Behind the Surge?

🗓️ Latest Price Action

Bitcoin surged over $4,000 intraday, rising from ~$118K to a fresh record high near $123,153, before stabilizing around $122K, marking a ~3.5% daily gain

Reuters

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The rally extends Bitcoin’s weekly gain to more than 10%, fueled by both momentum and structural shifts

Financial Times

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🧭 Key Drivers of the Spike

“Crypto Week” in U.S. Congress

The House is debating landmark bills—the Genius Act, Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act. These are seen as pivotal moves toward clearer crypto regulation

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Analysts say Capitol Hill action provides clarity that institutional investors crave .

Speculation is growing that a strategic BTC reserve by the U.S. government could be unveiled this week

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Institutional Inflows & Technical Breakout

Spot Bitcoin ETFs attracted $2.7 billion in net inflows last week; Ethereum ETFs also pulled in nearly $900 million

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A technical breakout from a long-term ascending triangle pattern has triggered strong momentum, prompting a short squeeze that liquidated hundreds of millions in bearish positions

warriortrading.com

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Macro & Legislative Tailwinds

The pro-crypto policy sentiment tied to Trump’s presidency—branding him the “crypto president”—and looming regulatory clarity has stimulated bullish investor sentiment

U.S. dollar stability alongside other risk-on assets aligns with a favorable macro environment .

👓 Market Outlook

Short-term: Resistance is in view around $125K–130K, with the $120K–$130K range possibly being a consolidation zone, thanks to options market–maker dynamics (“gamma squeeze”)

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Mid-term: Analysts see Bitcoin’s climb continuing toward $140K, supported by ETF flows and legislative clarity

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Watch-these:

Legislative outcomes this week.

ETF inflows trend continuing.

Sustained break above $125K to confirm next leg up.