$BTC Here is an overview of what happened with Bitcoin in the last 48 hours:
📈 Price and Volatility
All-time high: On July 9, BTC reached a new all-time high, exceeding $112,000 and hitting $112,022 before stabilizing around $111,000 on Binance.
Steady trading range: After the high, it remained between $105,900 and $110,000 in the two weeks prior, with signs of weakening momentum near the upper range.
Resistance and profit-taking: The $112k mark coincided with the record from May, resulting in selling pressure and profit-taking.
🗓️ Events and Factors that Impacted
Significant liquidations: Approximately $340 million in short positions were liquidated near the top, signaling a strong market reaction.
Macroeconomic sentiment: The overall advance was driven by news such as potential interest rate cuts, a weakened dollar, and optimistic results in international trade negotiations.
U.S. tariffs: On July 8, concerns about tariffs prompted by Trump’s statements kept the price contained, but the asset still rose ~0.9% to $109,055.
Corporate purchases paused: MicroStrategy halted BTC acquisitions weeks prior, contributing to a slight retraction.
🧭 Technical Summary
Key resistances: $112k and the former May high that held again.
Relevant support: Between $106,200–108,000, an important zone for potential corrections.
Technical indicators: Patterns such as an ascending wedge and signs of weakness in the MACD suggest that a breakout above could set the tone, but consolidation remains likely in the coming days.
🧩 Conclusion
In the last 48 hours, Bitcoin had a journey of reclaiming: it broke its all-time record, pressured the $112k ceiling, but returned to a new zone of $111k, ending the period slightly higher. The main drivers include forced liquidations, macroeconomic decisions, and corporate activities
