Bitcoin and Ether are gearing up for potential new all-time highs, fueled by renewed volatility and institutional interest. Bitcoin recently crossed the $122,000 mark while encountering some resistance around its previous all-time highs. Over $500 million in crypto positions were liquidated in just 24 hours, indicating significant market movement. Analysts, including popular trader TheKingfisher, noted that Bitcoin is at a crossroads, needing to break out for further upward momentum. Trader Rekt Capital has highlighted the significance of the $126,000 price level for Bitcoin, suggesting that $120,000 could serve as new support. For Ether, meanwhile, the price is nearing a crucial support level of $4,631 that would enable a push towards new highs. Both cryptocurrencies are experiencing increased institutional interest, showing a promising outlook for future price action.

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