#BTCBreaksATH
The price of Bitcoin (BTC) reached its all-time high of over $112,000 on July 10, 2025, before settling at $111,137. This represented a daily increase of 2.2%, continuing its broader uptrend, with Bitcoin's price rising more than 20% this month. Its prices ranged between $108,622 and $111,748 during the day, with key support at $108-109,000 and key resistance at $112.4-114,000.
Technical indicators remain positive. Blockchain data reveals a significant decline in trading reserves - now below 3 million Bitcoins - highlighting supply weakness. Long-term cryptocurrency holders continue to accumulate their investments, while short liquidations exceeded $200 million earlier this week. Whales intervened to absorb the pressure, maintaining market momentum.
Broader macroeconomic factors support Bitcoin's rise. The United States has committed to building a strategic reserve of Bitcoin, and signals from the Federal Reserve of potential interest rate cuts later this year have led to a decline in the dollar's value, boosting interest in alternative assets. Institutional adoption of the currency is increasing, as major companies are raising their exposure to Bitcoin, while retail flows stabilize.