Bitcoin has displayed a resilient and bullish YTD performance in 2025, steadily climbing from earlier lows and breaching the crucial $117,000 resistance as of July 11, 2025.
Source: TradingView
As per the daily chart, a well-established uptrend with prices now forming higher highs and higher lows, an identified classic bullish structure.
After months of consolidation between March and May, Bitcoin succeeded in breaking the bearish pattern, solely backed by increasing volume and strong institutional support.
The most recent candle pattern indicates a continued bullish momentum, suggesting the buyer remains firmly in control. When writing, Bitcoin’s 50-day, 100-day, and 200-day EMAs are sloping upwards with the prices above all these averages.
It is worth noting that a sudden pickup in the trading volume has been noted over the past few weeks, reinforcing the validity of the breakout.
Bitcoin next major identified resistances are $125,000 while the nearest support levels are at $109,000 and $106,000. Market experts argue that BTC holdings by institutions, including sovereign wealth funds and public companies has added legitimacy to its store of value narrative.
Since the beginning of this year till June 2025, over 8 companies have bought a significant number of Bitcoin, and a few others have announced that they will adopt Bitcoin as their primary reserve asset.
Satoshi Nakamoto became the 12th richest after Bitcoin broke $112k
In an X post dated July 11, 2025, Arkham Intelligence said, Satoshi Nakamoto is now the 12th richest man in the world, ranked above the Zara founder. Till writing, the wallets identified as Satoshi’s wallet hold 1.09 million Bitcoin, currently valued at $129.12 billion.
Forbes’ real-time billionaire list has ranked Amancio Ortega the 12th richest man in the world with $119 billion net worth.
According to a X post from Lookonchain, the Royal Government of Bhutan has transferred another 100.215 BTC to Binance. In the past 24 hours, the nation has sold 2,262 BTC and still holds 11,611 BTC.
Another post by the blockchain analysis firm notes that someone has created a new wallet and withdrew 12 million USDC from Bybit to Hyperliquid and then opened a 20x leveraged short on 1,021 Bitcoins.
The sudden surge in Bitcoin has now turned Strategy (earlier MicroStrategy) BTC profit has surpassed $28 billion in unrealized profits. The firm, chaired by Michael Saylor, now holds more than $28 billion in unrealized gains from its long-term Bitcoin investment strategy.
