BTC Hits the Stratosphere: Record Price Sparks Rally

Above $110,500, bitcoin price rose again. BTC has made a new high and gained over $116,800, up over 5%.

Bitcoin rose again over $112,500.
The price is over $113,500 and the 100-hour SMA.

BTC/USD broke above a negative trend line with resistance around $111,000 on the hourly chart.

The pair may increase if it breaks $116,800 resistance.

Bitcoin Price Hits ATH

Bitcoin price extended its rise after breaking $110,500 barrier. BTC accelerated beyond $112,000 and $113,500 barrier.

BTC/USD broke above a negative trend line with resistance around $111,000 on the hourly chart. Bulls pushed the pair past $115,000 resistance. Price has reached a new all-time high at $116,800 and is consolidating gains above the 23.6% Fib retracement line of the upward run from $110,600 swing low to $116,800 high.

Bitcoin is over $113,500 and the 100-hour SMA. Close to $116,000 is immediate upward barrier. First major resistance is at $116,200. The next hurdle may be $116,800.

A closing above $116,800 barrier might boost prices. The price may increase to $118,000 resistance. More advances might push the price beyond $118,800. The goal may be $120,000.

BTC Downside Correction?
Bitcoin may fall below $116,800 if it fails to increase. Near $115,300 is immediate support. The first key support is at $113,700, the 50% Fib retracement level of the upward run from $110,600 swing low to $116,800 high.

Around $113,200 is the next support. More losses might push the price toward $112,500. BTC may go below $110,500, the primary support.

The technical indications

The MACD is rising in the positive zone.

Relative Strength Index hourly BTC/USD RSI is over 50.

Major Support Levels: $115,300, $113,700.

Major Resistance Levels: $116,800, $118,000.

#BTCBreaksATH #TrumpTariffs #MuskAmericaParty $BTC $ETH $XRP