Bitcoin price analysis after hitting new all-time high: further gains or return to range lows?
2025-07-10 13:37:43
Main Idea
Bitcoin faces major resistance at $111,250, with potential for rejection and a drop to $98,270 if volume doesn't support the breakout, while a strong volume-backed breakout could lead to new all-time highs.
Key Points
1. Bitcoin has surged to a key resistance level at $111,250 but risks rejection without sustained volume.
2. The price remains range-bound between $111,250 (resistance) and $98,270 (support).
3. A failure to break above $111,250 with strong volume could lead to a drop toward $98,270.
4. A breakout with high volume could trigger a new all-time high attempt for Bitcoin.
5. The $111,250 level is a critical structural resistance point for Bitcoin's price movement.
Description
Bitcoin has surged into major resistance at $111,250 after a bullish expansion. Without volume confirmation, price risks rejection and another rotation back toward range lows near $98,270. Bitcoin ( BTC ) is once again confronting a critical decision point as price trades into a long-standing high time frame resistance zone around $111,250. This level marks the current range high and has historically served as a ceiling for price action. Following a sharp bullish reaction from the value area hig...
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