$BTC Currency Pair $BTC

Here is an update on Bitcoin (BTC) as of today, July 10, 2025:

Current Price:

* Bitcoin has reached a new all-time high, surpassing $116,000 USD and even approaching $116,612 USD.

* There has been a positive movement in the last 24 hours, with a variation of around 2.09% or more.

Highlights:

* New All-Time Highs: Bitcoin has been breaking records, surpassing $112,000 and then $116,000.

* Driving Factors: The rally is attributed to an "unusual confluence of forces," including increased flows into cryptocurrency ETFs, changes in monetary policy, and growing political pressure.

* El Salvador's Reserves: El Salvador's Bitcoin reserves have reached $700 million dollars.

* Short Liquidation: Bitcoin shorts (bearish positions) have been liquidated as the price surpassed $116,000.

* Adoption and Confidence: The increase in Bitcoin's value indicates a growing interest and confidence from investors in these assets, with institutional adoption and the search for investment alternatives amid global economic uncertainty as key factors.

Technical Analysis:

* Bullish Trend: The price of Bitcoin follows a clear upward trend, creating higher highs and higher lows.

* Key Resistance Overcome: Bitcoin surpassed a key Fibonacci resistance at $111,925 USD.

* RSI and MACD: The Relative Strength Index (RSI) remains above 50, indicating buyer dominance, although it is approaching the overbought zone.