Bitcoin’s rally indicates upward potential: Recent price movements indicate Bitcoin’s emergence from a key resistance level and suggest that it aims for $123,000. The bullish crossover on the daily chart signals growing Optimism, showcasing a potential rise of 55% based on historical patterns.

Institutional interest adds confidence: As more capital flows into Spot Bitcoin ETFs, institutional support increases for Bitcoin (BTC). This support, coupled with favorable historical trends, positions Bitcoin as a leading asset in the cryptocurrency market, amid struggles faced by altcoins.