Bitcoin Is on a Historic Run: Can BTC Keep It Up?
2025-07-14 18:10:07
Main Idea
Bitcoin posted its strongest weekly gain since May, rising 9.07% to reach a new all-time high above $123,000, amid bullish market sentiment and strong technical indicators.
Key Points
1. Bitcoin's price surged from $109,231 to $119,400, setting a new all-time high above $123,000.
2. The Fear & Greed Index reached 72, indicating strong 'greed' sentiment in the market.
3. Technical indicators like RSI (71) and ADX (27) confirm a strong bullish trend, with sustained buying momentum.
4. MicroStrategy resumed Bitcoin purchases, adding 4,225 BTC worth $472 million to its holdings.
5. Altcoins like XRP, SOL, and DOGE also saw significant gains following Bitcoin's rally.
6. El Salvador's Bitcoin holdings surpassed $760 million as BTC crossed $122,000.
Description
The 9% weekly surge in the price of Bitcoin comes off the heels of bullish chart signals, with momentum indicators flashing strong potential for more upside.
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