$BTC
š Bitcoin (BTC) Price Update ā July 10, 2025
Bitcoin surged to a new all-time high of $112,000 early this morning before cooling slightly to around $111,020. The rally was fueled by positive sentiment from the U.S. Federal Reserve, which hinted at a potential rate cut later this year.
š Key Market Signals:
ā ETF Inflows: Over $1.3 billion poured into BTC ETFs this month, absorbing sell pressure and supporting price resilience
ā Dormant Wallet Activity: A wallet from 2011 moved 80,000 BTC at $108K, sparking speculation about smart money repositioning
ā Fear & Greed Index: Still neutral, suggesting the rally hasnāt reached euphoric levels yet
ā Fractal & MVRV Metrics: Indicate room for a final push before a potential correction
š Short-Term Outlook:
- BTC may continue testing resistance around $111,970
- If momentum holds, next targets could be $113,500 or $115,000
- However, analysts warn of a possible liquidity trap or distribution phase near current highs
š„ Bottom Line: Bitcoin is strong today, but volatility is high. Whether it climbs further or pulls back depends on macro news and whale behavior. Stay nimble, and donāt chase moves blindly.
