Bitcoin Eyes $116K: Bull Run Continues as Optimism Soars!
As of Friday, July 11, 2025, 3:21 AM +06 (Dhaka time), Bitcoin's relentless upward trajectory shows no signs of slowing down, with the cryptocurrency now firmly setting its sights on the $116,000 mark. After smashing its previous All-Time Highs, BTC is currently trading around $113,850 USDT, reflecting strong buying pressure and an overwhelmingly positive market sentiment.
In the last 24 hours, Bitcoin has seen a significant push, with its price swinging from a low of approximately $110,800 USDT to reaching highs near $114,200 USDT. The trading volume remains exceptionally robust, often exceeding $35 billion USDTacross major exchanges, underscoring the strong conviction among investors.
The current bullish momentum is being fueled by a confluence of factors. Continued institutional adoption, particularly through spot Bitcoin ETFs, is a major driver, providing a consistent influx of capital. Furthermore, the overall "Fear & Greed Index" for crypto is firmly in the "Greed" zone, currently hovering around 68, indicating high investor confidence.
Analysts are now increasingly confident in Bitcoin's ability to breach $116,000, with some even forecasting moves towards $120,000 in the short to medium term. The technical charts display clear bullish patterns, with key moving averages signaling a strong uptrend. While a healthy correction is always possible, the prevailing sentiment suggests that any dips will likely be met with strong buying interest. The market is buzzing with excitement as Bitcoin continues to etch new milestones.
