After briefly pausing in response to Friday's news about President Trump signing three new bills regulating the digital asset market in the US, Bitcoin resumed its upward movement and reached the $119,000 mark during this morning's trading session. Ethereum also set a new high, climbing to around $3,800.

The market has responded positively to the newfound clarity brought by regulation. Investors who were previously concerned about uncertainty now see the new laws not so much as restrictions, but rather as a framework for safe development. The law, informally referred to as the Digital Transparency Act, requires crypto exchanges to disclose information about transactions and clients and imposes higher capital and audit requirements. The GENIUS stablecoin law also opens the market to many large companies.

And if you think you can wait and buy Bitcoin at a lower price, K33 Research disagrees. According to their study, the traditional four-year BTC cycles with deep corrections are a thing of the past. Given the strong correlation between the crypto market and the US stock market, their conclusion appears well-founded.

The key reasons lie in the maturity of BTC as an asset class and its growing adoption among institutional players, corporations, and even governments. The fates of cryptocurrencies and traditional capital markets are now increasingly intertwined. Where Bitcoin once existed in a kind of vacuum, reacting mostly to internal factors and sentiment, it now often mirrors the movements of the S&P 500 and Nasdaq. As mentioned above, this is driven by the growing presence of institutional investors, who view BTC as part of a broader asset portfolio.

This correlation means macroeconomic factors such as interest rates, inflation, and geopolitical stability now exert far greater influence on Bitcoin's price. As a result, attempting to predict its future based solely on halving cycles and chart patterns is becoming less reliable. Instead, investors should closely monitor the global economic outlook, decisions by the US Federal Reserve, and political developments. If the US stock markets continue to rise, Bitcoin is likely to follow. Otherwise, even the strongest arguments about BTC's scarcity and value may not be enough to prevent a correction.

Recently, Michael Saylor stated that traditional crypto winters in BTC are over due to accelerating regulatory changes worldwide, massive support from the US government, and consequently, the rapid adoption of Bitcoin among major players.

Trading recommendations:

As for the technical picture of Bitcoin, buyers are currently targeting a return to the $119,200 level, which opens a direct path to $120,700, and from there, the $122,000 mark is within reach. The furthest target would be the high near $123,400, and breaking above it would signal the strengthening of the bull market. In case of a decline, buyers are expected near the $117,600 level. A return of the instrument below this area could quickly push BTC down toward $116,300, with the furthest target being the $115,300 area.

As for the technical outlook for Ethereum, a clear consolidation above the $3,820 level opens a direct path to $3,821. The furthest target would be the high near $3,913, and breaking above it would indicate renewed buying interest. In case of a decline, buyers are expected at around $3,724. A drop below this area could quickly push ETH down to the $3,625 zone, with the furthest target at $3,551.

What is on the chart?

· Red lines: Support and resistance levels, where price is expected to either pause or show strong upward movement.

· Green lines: 50-day moving average.

· Blue lines: 100-day moving average.

· Light green lines: 200-day moving average.

A price test or crossover of the moving averages typically either halts or triggers a new market momentum.