#BTCBreaksATH
Bitcoin Breaks All-Time High of $112,000*
On July 9, 2025, Bitcoin (BTC) surged past $112,000, setting a new all-time high (ATH) and surpassing its previous peak from May 22, 2025. The rally, fueled by strong institutional demand, ETF inflows, and a favorable macroeconomic environment, saw BTC gain nearly 14% from its June 22 low of $98,000. The breakout above the $110,000 resistance level, which had capped gains for weeks, signals robust bullish momentum.
*What's Next?*
Bullish Outlook: Analysts are optimistic, with price targets ranging from $115,000 to $120,000 by July ending driven by corporate treasury allocations and potential crypto-friendly policies. Some even project $200,000-$230,000 by year ending if momentum persists.
Key Levels: Support is now at $108,000-$110,000, with resistance at $114,000-$120,000. A sustained hold above $109,000 could push BTC toward $115,000-$118,000. A failure to hold $109,000 could lead to a pullback, potentially filling the CME gap around $93,000
The clean breakout and growing institutional adoption suggest a sustained bull run, but traders should watch for profit-taking and volatility
