Cointime message, on July 14, according to Jinshi Data reports, Tickmill analyst Patrick Munnelly stated in a report that Bitcoin has first broken through $120,000, with its upward momentum stemming from the cryptocurrency moving out of a recent narrow trading range, leading to increased investor confidence. He mentioned that the previous trading range had raised doubts about whether Bitcoin could regain the strong upward momentum it experienced earlier this year. Additionally, the uncertainty surrounding Trump's political and economic policies suppressed market enthusiasm for Bitcoin, keeping it within that range. Now, with U.S. stocks and other risk assets reaching all-time highs, Bitcoin has also resumed its upward trajectory, reigniting market enthusiasm. #BTC