$BTC 121,000 has become the new support level, and 170,000 is just a trend-following move!
Bitcoin took only a few days to rise from 117,000 to 121,000, without a significant pullback. This indicates that major investors are continuing to accumulate at the bottom.
On the policy side, the US Pension and Stablecoin Act has opened a regulatory compliance channel for BTC; on the capital side, whales and institutions are continuously increasing their holdings.
$170,000 is a natural price recovery process!