Bitcoin’s $122,000 Barrier: What Drives Crypto Market Gains and Is an ETF Surge the Key to Next Big Move?

Crypto markets are experiencing a surge this week, fueled by a confluence of factors that include political support, shifting Fed expectations, and a wave of institutional demand. Bitcoin’s climb towards $122,000 is particularly noteworthy, as traders closely watch for any signal to break through the resistance level. Analysts suggest that a daily close above this crucial barrier could trigger a rally toward $150,000, while rejection could lead to a pullback to the $111,000 support zone. Meanwhile, Ethereum is benefiting from strong ETF inflows and a surge in institutional interest. These developments are creating a positive dynamic for the entire market, with altcoins also experiencing gains as traders rotate their investments away from Bitcoin dominance.