$BTC As of July 10, 2025, Bitcoin (BTC) is trading at approximately $110,858, reflecting a 1.77% increase over the past 24 hours. Earlier in the day, BTC briefly dipped below the $111,000 mark, reaching a low of $110,997.44.
This movement follows Bitcoin’s recent all-time high of $111,999, achieved on July 9. The surge was driven by renewed investor optimism, spurred by Federal Reserve signals indicating potential interest rate cuts later this year. Additionally, significant inflows into spot Bitcoin ETFs suggest sustained institutional demand.
Market analysts are closely monitoring the $111,000 support level. A decisive move above this threshold could pave the way for BTC to target $115,000 or even $120,000 in the near term. Conversely, failure to maintain this level might lead to a pullback towards support zones around $109,500, $107,100, or $104,000.
It’s important to note that over $460 million in short positions were liquidated during this rally, highlighting the market’s volatility and the risks associated with leveraged trading.
