Bitcoin has recently surged again, continually setting new historical records. In last night's trading, the price of Bitcoin showed strong upward momentum, quickly rising from $120,000 to $122,000. Although there was a brief pullback to $120,300, it soon launched into multiple rebounds, ultimately breaking the historical high and reaching an astonishing level of $124,500.

Currently, the Bitcoin price has pulled back to around $122,700, entering a consolidation phase. Market analysts point out that as long as the price does not break below the key support level of $122,000, Bitcoin is still expected to continue its pump momentum.

From a technical perspective, $124,500 has become an important resistance level, while $122,000 and $120,000 are key support levels. Investors and traders are closely watching the performance of the $122,000 key support level. If this level can be held firmly, it will indicate that the bulls are still maintaining strong momentum, potentially driving the Bitcoin price to higher levels.

It is worth noting that the cryptocurrency market has always been highly volatile, and investors need to fully recognize the risks and manage their positions appropriately when participating. At the same time, with the continuous rise in Bitcoin's price, discussions about its sustainability have also been triggered in the market. Some analysts believe that the ongoing entry of institutional investors and the uncertainty of the global macroeconomic environment may be important factors driving the rise in Bitcoin's price.

In any case, Bitcoin reaching a new all-time high undoubtedly injects new vitality into the cryptocurrency market and once again sparks people's attention and contemplation on the future development of digital assets.