Recently, the Bitcoin market has welcomed a series of significant Favourable Information, which may have a profound impact on its future trends.

The most notable aspect is a significant decision involving pension funds. This decision includes Bitcoin in the investment portfolio of pension funds, alongside traditional assets such as stocks and real estate. Given the massive scale of pension funds, this will undoubtedly inject enormous liquidity into the Bitcoin market. It is worth noting that the current total market capitalization of Bitcoin is approximately $2.3 trillion, which still has considerable room for growth compared to the potential inflow of funds.

At the same time, the regulatory environment is adjusting in a direction favorable to the development of cryptocurrencies. New policy measures include nominating pro-crypto individuals to the Federal Reserve Board and issuing an executive order prohibiting banks from arbitrarily blocking the accounts of legitimate crypto users. These initiatives essentially incorporate Bitcoin into the U.S. financial system from a legal standpoint, providing strong support for its development.

From a technical analysis perspective, Bitcoin's medium to long-term trend remains strong. The price level around $112,000 is regarded as a key liquidity area, which may attract many investors to position themselves here. The short-term target price is around $122,000, while the medium-term target points to the range of $130,000 to $135,000.

On-chain data shows that large investors are continuing to increase their positions, while retail investors have just begun to re-enter the market. This change in investor structure may indicate that a new bull cycle is about to begin.

However, investors still need to be cautious of the potential fluctuations that may occur in the short term. Important economic data such as the Consumer Price Index (CPI) and Producer Price Index (PPI) will be released this week, which may have a temporary impact on the market. Nevertheless, these fluctuations are not expected to alter the long-term upward trend of Bitcoin.

Overall, although there may be fluctuations in the short term, various signs indicate that the Bitcoin market may be at the beginning of a new bull market. With the continued inflow of institutional funds and the improvement of the regulatory environment, Bitcoin is expected to maintain a strong trend in the near future.