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Bitcoin has climbed to $118,716, marking a 1.5% gain as investor confidence grows. Favorable regulatory shifts and ETF optimism are fueling the rally, with key resistance levels in sight. Technical indicators suggest further upside potential if key thresholds are breached.
- Bitcoin's breakout above $112,000 signals a resumption of its uptrend, with key support now at $112,000–$115,000.
- Regulatory developments, including crypto in 401(k) plans, could unlock demand from the $8.9 trillion retirement market.
- Technical indicators suggest bullish momentum, with Fibonacci extensions projecting potential targets up to $136,000.
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