Bitcoin Bounces Towards $125,000: Fibonacci Support and Whale Activity Drive Bullish Momentum

After rebounding from a crucial support level identified by the 350DMA × 1.6 level, Bitcoin has experienced a surge in price, reaching new heights. Analysts point to expanding DeFi applications and increasing institutional investment as key drivers behind this bullish momentum. The chart shows a clear reaccumulation phase, with Bitcoin now targeting the $125,000 resistance zone after recent momentum.