#CryptoIn401k Bitcoin Breaks $117K — $131K Next with Increased Institutional Demand

New 401(k) Rules and ETF Purchases Drive $BTC to Multi-Month Highs

$BTC surpassed the resistance of $117K, rising over 5% to reach $123,429, its highest level since mid-July. The breakout, fueled by strong

institutional demand, comes after weeks of consolidation and now aims for the next

target zone between $127K and $131K.

Analysts point to Fibonacci extensions placing bullish targets at $127K, $137K,

and $153K if the momentum continues. A “volume shelf” near $116K–$118K

is now acting as a base for further gains.

Market sentiment is being fueled by new rules in the US that allow crypto in 401(k)

retirement plans, triggering new ETF inflows and record adoption.

On-chain data shows that 364,126 new BTC addresses are created daily—a yearly

high—while long-term holders continue to accumulate.

With institutional buying, favorable policy winds, and reduced supply on exchanges, $BTC

may be gearing up for its next big rally.

BTC

118,656.16

-2.17%

#BTCReclaims120K #CryptoIn401k #ETH4500Next? #USFedBTCReserve