#bullish
🚀 Bitcoin Breaks $122K! 📈
$BTC surged 3.35% in the last 24 hours, briefly topping $122,000 before settling just below. Outpacing the crypto market’s 2.34% gain, the rally was fueled by:
🇺🇸 Policy Boost: Trump’s push for crypto in 401(k) plans sparks institutional inflow hopes, reminiscent of 2024’s $253M ETF inflows.
💥 Short Squeeze: Over $50M in short positions liquidated, driving prices higher.
📊 Technical Strength: Bullish MACD, RSI below overbought, and solid support at $117K signal more upside potential.
Could BTC retest its all-time high soon? 👀