Bitcoin – New Peak & Sustainable Momentum
• New ATH ~118,000 USD: Bitcoin just reached a peak on July 11–12, 2025, surpassing 118,000 USD, higher than the previous ATH (~111–113k).
• Technical: Cup and handle + MACD: According to anal-tech Katie Stockton, the cup and handle pattern combined with a strong MACD is supporting further upward momentum, with the next target around 134,500 USD – implying an additional increase of ~14%.
• Main Drivers:
o Large capital inflow from spot ETF (~667M USD during the American Independence Week) – leveraging model from traditional markets.
o Macroeconomic factors: weak USD, rising public debt, Fed and GENIUS Act creating an environment that favors Bitcoin as a hedge.
o Digital asset stocks (e.g., MicroStrategy, Riot, Mara) are rising, reflecting a generally positive outlook.
• Risks: New support level around 108,300 USD; many traders may close shorts, causing significant market volatility if profit-taking pressure emerges.
✅ Conclusion: Bitcoin is in a technical + fundamental bullish phase, with a target of 130–135k. Investors should monitor the support level of 108k to manage risk.