The subsequent upward momentum of Bitcoin after breaking through the $120,000 mark may come from continuous institutional capital inflows. Institutional investors, such as hedge funds and asset managers, are increasingly recognizing Bitcoin as a valuable asset for portfolio diversification. Their large - scale purchases can drive up demand. New investors entering the market also contribute. With growing awareness and acceptance of cryptocurrencies, more retail and institutional newcomers are attracted, increasing the overall buying pressure. Additionally, positive regulatory news, like the ongoing “crypto week” in the US with potentially favorable bills, can boost market confidence and fuel further price increases.