Bitcoin Surpasses $122,000 as Bullish Momentum Fuels Record Run

Bitcoin reached a new record high of over $122,000 on Monday morning, approaching its all-time peak of $123,218 set in July. Analysts attribute this surge to the expanding DeFi ecosystem and growing institutional investment. Technical indicators like the RSI (65) and MACD suggest continued upward momentum, though some analysts warn of potential pullbacks towards the $116,000 level if the rally loses steam. Trump’s executive order encouraging 401(k) integration with cryptocurrencies further bolsters demand.