Recent analysis suggests that Bitcoin may be entering a strong upward phase following its movement into Wyckoff Accumulation model’s Phase E. This phase often signifies a breakout and extended rally. Key confirmation was seen on May 24th when the 50-day Moving Average (MA) crossed above the 200-day MA, known as a ‘golden cross’, providing bullish long-term signals. This shift is driving traders towards the $125K mark, which could be a significant resistance level in this accumulation phase. However, market experts are uncertain about what lies beyond this point and whether it will usher in a distribution or re-accumulation phase. The upcoming vote on key crypto legislation in the U.S. Senate may influence this outcome, potentially boosting institutional confidence if regulatory clarity emerges around digital assets.