#BTC重返12万 Bitcoin (BTC) returns to $120,000, hitting a recent high, driven by the following factors: 1) Continuous inflow of institutional funds, BTC ETF attracting over $1.18 billion in a single day, MicroStrategy increased its holdings by 4,225 BTC, tightening supply pushing prices higher; 2) Technical indicators show that BTC has broken through the $112,000 resistance level, standing above the 100-hour moving average, MACD is bullish, RSI 76 slightly indicates overbought but momentum is strong; 3) Favorable policies, the U.S. 'Crypto Week' discussing the CLARITY and GENIUS acts, the Trump administration promoting crypto reserves, boosting market confidence; 4) Supportive macro environment, the weakening dollar index and inflation concerns make BTC a more attractive safe-haven asset. Short-term targets are set at $125,000-$130,000, with Fibonacci extensions pointing to $136,000. Be cautious of short-term pullback risks, with support levels at $118,800-$116,500. If policies are implemented and ETF demand continues, it may challenge $150,000 by the end of the year.
