🚀 Bitcoin Rockets Near $122K! Here’s the Full Story + Targets 📈🔥

Bitcoin had a bullish blast on Monday, September 11, touching $122,400 before cooling to ~$120K. After dipping to $112K in early August, BTC’s comeback is powered by ETF inflows, rate-cut hopes, and pro-crypto policy moves.

📊 Key Reasons Behind the Surge

1️⃣ 💰 ETF Frenzy:

U.S. spot Bitcoin ETFs are absorbing massive demand — some days pulling in $400M+ in inflows — especially from giants like BlackRock’s IBIT.

2️⃣ 📈 Technical Momentum:

BTC’s price action is above the 50-day & 200-day MAs, forming bullish continuation patterns signaling further upside.

3️⃣ 🏦 Fed Rate Cut Speculation:

Markets are betting on a September interest rate cut, boosting risk assets like BTC.

4️⃣ 👔 Pro-Crypto Fed Nominee:

Trump’s pick, Stephen Miran, known for his favorable Bitcoin stance, has sparked optimism for looser policy and regulatory clarity.

5️⃣ 📜 Regulatory Tailwinds:

401(k) crypto inclusion, SEC’s crypto-friendly talks, and more institutional adoption are building strong market sentiment.

🎯 BTC Price Levels to Watch

💪 Support Zones:

$118,200 – $118,800 → Short-term buyer defense

$115,500 → Strong swing support

$112,000 → Key August low

📈 Resistance Levels:

$122,400 → Immediate resistance (Monday’s peak)

$125,000 → Next bullish breakout level

$130,000 → Psychological barrier

🚀 Step-by-Step Targets:

1. Target 1: $122,400 ✅ already tested

2. Target 2: $125,000 🎯

3. Target 3: $128,500 🚀

4. Target 4: $130,000 🏆

5. Extended Bull Case: $135,000+ if ETF inflows remain strong 📊

⚠️ Quick Note:

Short-term pullbacks are healthy — as long as BTC stays above $115.5K, the bullish structure remains intact.