#bitcoin has officially entered uncharted territory, hitting a new all-time high of $123,091 and now consolidating around $117,016. With a monthly gain of 13% and a market cap pushing $2.4 trillion, $BTC has surpassed Amazon to become the fifth largest asset globally.
The breakout reflects growing mainstream recognition and institutional confidence. BlackRock’s ETF alone holds over 700,000 BTC, worth more than $83 billion, highlighting the scale of capital flowing in. Regulatory developments like Trump’s proposed Strategic Bitcoin Reserve and FHFA's mortgage approval further strengthen the macro case.
Technically, support sits around \$110K and $100K, while resistance stretches to $125K and beyond to $136K. While some indicators point to a near-term cooldown, such as an overbought RSI, momentum remains strong with 76% of traders leaning bullish. For those waiting, pullbacks to support zones may offer attractive entry points.
The next target remains clear: $125,000, as institutional demand and policy alignment fuel the rally.$ETH $BNB