$BTC Fear and Greed Index at level 62, indicating strong investor confidence, while the Altcoin Season Index remains at 38.100 confirming Bitcoin's dominance.

This bullish trend in Bitcoin, Ethereum, and Ripple has been primarily driven by three factors:

The upward trend has been supported by inflows of $247 million into exchange-traded funds and support for Trump administration policy to add cryptocurrencies to 401(k) retirement plans.

Ethereum's failure to maintain a closing price above $4,300 has created a wave of speculation in altcoins.

Futures recorded a growth of 17.1%, indicating an increase in bullish leveraged trading.

Bitcoin's price has broken through the resistance level of $120,500, heading towards its historical high of $123,091 after breaking through a range that lasted for several weeks. The four-hour chart shows the price moving along the upper Bollinger band. The Relative Strength Index (RSI) is at 76.64, indicating strength in the trend, but it also suggests the potential for a short-term correction.

If buyers break through the $123,500 range, the next target could be $127,000. In the event of continued selling pressure, the initial support levels will be at $120,500, then $117,500.#BTCBreaksATH #ETHRally