#BTC120kVs125kToday Based on the current search results, here is a comprehensive analysis of the topic **Bitcoin price reaching $120,000**:

---

### 1. **Current Bitcoin Price Situation**

- The price of Bitcoin has recently exceeded the **$120,000** barrier for the first time in history, recording levels close to **$122,300–$122,600**.

- This rise is supported by factors such as:

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

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

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

---

### 2. **Technical Predictions and Analysis**

- **Trading in an Ascending Channel**: Bitcoin has formed an ascending channel for three months, with the price currently near the upper limit, which may indicate the possibility of a short-term correction before the resumption of the rise.