$BTC

Bitcoin is trading near $117.9K after setting a record above $118K yesterday. Institutional inflows are strong, with over $1 billion in ETF investments this week . Technical momentum remains intact: BTC broke out of a symmetrical triangle, holding support at ~$117K and maintaining overbought RSI (~75) . Chart patterns like cup‑and‑handle and MACD suggest potential gains of ~14%, targeting $134.5K . Macro factors—weak US dollar, upcoming Fed pivot, and legislative clarity via the GENIUS/CLARITY bills—boost sentiment . On‑chain metrics show accumulation by long‑term holders and rising network activity . Overall, the outlook is bullish, though short‑term pullbacks may occur if macroeconomic or geopolitical risk intensifies.