- Bitcoin reached a new all -time high at $ 118,404.
- A increase in sales of 67% and strong onchain data signal further dynamics.
Bitcoin had a new all -time high of $ 118,403.89 two hours ago. Although the course then gave in a little, it is still around 118,000, with an increase of 6% for the day and 9% for the weekly chart. The current market capitalization has increased to a whopping $ 2.34 trillion, which reflects the great demand from investors and the general mood on the market.
A closer look at the market shows that the number of trades is 67.42 % to $ 164.99 billion within 24 hours. The open interest also rose by 5.64 % to $ 83.98 billion, while the number of options according to the Coinglass A total of $ 9.46 billion increase.
These numbers reflect the increasing participation of dealers and the increasing use of levered bets, both indicators of a strong trust between private and institutional investors.
Also the Intotheblock data are positive. All Wallet holders are now at a profit, which indicates that all Bitcoin holders have benefited from the recent climb. Long -term investors are at the front with 76% of the wallets that have been holding the token for over a year. The large actors control around 12% of the circumferential amount of token, a medium concentration relationship that proves the decentralization of the distribution. The transaction demography shows a slight dominance at 55% the Western markets, the remaining 45% are in the rest of the global market.
Quelle: IntoTheBlock
Bitcoin retains its momentum above all important emas
The current upward trend has broad technical support. The Bitcoin course is clearly above important exponential sliding average. The 20-dayema is $ 109,343, while the 200-dayema is $ 96,221, which marks a considerable distance that underlines the bullish domination of the trend.
The candle configuration has shown a continued structure of higher lows since the beginning of July, which is reinforced by an increasing volume. The RSI has risen to 73.27, which catapults it into the “overbought” category.
In the past, these values often signaled short -term burglaries or consolidations. However, the former RSI resistance at 60 becomes a new support, which suggests that the trend continues unabated.
The MACD values underpin optimism because the MACD line is well above the signal line. The histogram continues to expand, which indicates an increasing positive momentum. A significant crossover at the beginning of July was a confirming signal for the subsequent upward phase, and the strength has simply gained dynamics since then.
Course $ 120,000 in mind, but goals are bigger
Now that Bitcoin has exceeded $ 117,000, psychological resistance at $ 120,000 is the next short -term goal.
There are traders who Wait for a healthy correction back down through the $ 115,000 mark. But the setup favors further upward movements, since the sales are further high and the macroeconomic conditions remain stable.
Sea Market Beob behind Cryptocon Could reach long -term potential up to $ 184,181. Using historical extension models, past cycle high-end stands have shown similar tendencies, which indicates that the current increase in Bitcoin could still have a way in front of them.
No matter where you look, the next step for Bitcoin seems to be between 170 and 180k.
Using a 5.618 extension from the earliest move of the cycle has given us almost pinpoint accuracy for previous cycle tops.
This time, the golden number is $184,181.
All the boring price… pic.twitter.com/TJ4ua89IR2
— CryptoCon (@CryptoCon_) July 10, 2025
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