$BTC is quoted around US$ 117,800, close to its all-time high, driven by strong institutional inflows into ETFs, pro-crypto policies in the U.S., and short position liquidations. The recent valuation was reinforced by signs of optimism in the market and by the weakening of the dollar. Despite the positive scenario, analysts warn about high volatility and a possible correction after the strong rally. The US$ 120,000 mark is on the radar, but there is caution among investors. Regulatory events in the coming days may impact the price. The market remains attentive to institutional behavior and U.S. political decisions.