Bitcoin price soared past $120,000 for the first time early Monday. The crypto continued its bull run at the start of what has been coined “Crypto Week” as three key bills, important for the sector, make their way through Congress over the next five days.

Bitcoin finally pushed above the 110k resistance, extending gains to a peak of 123k before easing back slightly. The price is testing the 61.8% Fibonacci extension at 121k, from the April 7 low to the May 22 high.