#BTCBreaksATH
Yes—Bitcoin has indeed broken its previous all-time high and is setting new records.
📈 Current & Recent All‑Time Highs
As of July 11, 2025, BTC surged past $118,000, fueled by strong institutional inflows, short squeezes, a weakening U.S. dollar, and crypto‑friendly U.S. policies .
Prior to that, on July 10, BTC reached $116,893 .
Earlier this year, a record high of $111,970 was set on May 22, 2025 .
🚀 Will It Keep Going?
✅ Bullish Drivers Now:
1. ETF inflows & institutional demand—massive capital from spot‑Bitcoin ETFs continues .
2. Short‑squeeze momentum—over $1 B of short positions were liquidated recently .
3. Macro tailwinds—weak U.S. dollar and favorable regulation under the current U.S. administration .
⚠️ Key Technical Levels:
Many analysts now view the $108,800–110,500 range as critical resistance; a breakout through $110k cleared the way toward current highs .
On July 9, CryptoQuant research suggested calm market conditions and the weak dollar point to a likely ATH in the next 7 days —which indeed materialized.
🔮 Outlook
With:
record‑setting ETF inflows,
a powerful short squeeze behind it,
and continued favorable macro factors,
Bitcoin appears positioned to stay in bullish territory. Some analysts think the next psychological targets are $140k–160k, barring any major reversal .
🧭 Summary
✅ Yes—Bitcoin has broken its ATH of $111,970 (May 22, 2025) and surged above $118k as of July 11.
⚙️ It's backed by institutional capital, bullish macro trends, and technical breakout signals.
📊 While further upside is likely, it's wise to watch for profit-taking or news events that could trigger volatility.
