#BinanceHODLerERA Based on current search results, here is a comprehensive analysis of the topic **Bitcoin price reaching 120 thousand dollars**:

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### 1. **Current status of Bitcoin price**

- The price of Bitcoin has recently surpassed the **120 thousand dollars** mark for the first time in history, recording levels close to **122,300–122,600 dollars**.

- This increase is supported by factors such as:

- **Reduced supply** of Bitcoin on exchanges, increasing buying pressure.

- Strong institutional inflows and regulatory optimism with the advancement of bills like the **GENIUS Stablecoin Act** and the **CLARITY Act** in the U.S. Congress.

- Government policies such as the establishment of a **strategic Bitcoin reserve** under an executive order from the Trump administration.

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### 2. **Technical forecasts and analyses**

- **Trading in an ascending channel**: Bitcoin has been forming an ascending channel for three months, with the price currently near the upper limit, which may indicate a potential short-term correction before resuming the upward trend.