Bitcoin hit a new all-time high ($111,999) on July 10, breaking its prior record. Before the breakout, BTC traded in a tight triangle (~$108.2–109.2K) with a rising trendline providing support. A bearish RSI divergence had hinted at cooling momentum, but buyers pushed through the ~$109.6K resistance. Market positioning is bullish (more call options than puts) and summer seasonality is adding tailwinds. Key technical levels now: support around $108–109K (recent lows) and resistance just above the $112K peak.$BTC
