Bitcoin strongly breaks through $117,000, with market focus shifting to the potential target of $130,000 in September! Even with short-term pullbacks or fluctuations, these movements are more often seen as a necessary stage of building momentum under the dual support of continuous institutional fund inflows and favorable policies.
Multiple positive signals continue to boost market confidence: 🇺🇸 U.S. pension plans 401(k) have begun allocating to Bitcoin, the legislative process for stablecoins is accelerating, and the SEC's attitude towards cryptocurrencies is shifting to a compliance-friendly stance, with global funds accelerating their entry into the crypto market. On-chain data also shows that whales continue to accumulate positions, and the spread between spot and futures prices is widening, indicating that large funds are quietly positioning themselves and seizing opportunities.
Looking back at Bitcoin's historical trends, each breakthrough of a key psychological level is often accompanied by a rapid price rally. $117,000 may just be the starting point for a new round of increases, aiming for $130,000 in September.
