Bitcoin Nears Record High Again Amid Bullish Momentum
Bitcoin (BTC) surged above $120,000 in early August 11, 2025 trading, approaching its all-time high near $123,200. The rally is supported by institutional buying, strong ETF inflows, and optimism about accommodative U.S. crypto policies. Despite some profit-taking, BTC holds firm above $119,000 support, signaling healthy consolidation.
Volatility is picking up, with implied volatility rising to 37 from recent lows, hinting at potential bigger moves ahead. Traders should watch key resistance at $125,000 for breakout confirmation.
Trading strategy: Hold longs with targets near $123,200 and $125,000. Use stop losses near $119,000 to manage risk, and consider options strategies to benefit from expected volatility.
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