Bitcoin Reaches $118K Milestone— Here’s What Could Drive Prices Even Higher

2025-07-11 10:15:28

Main Idea

Bitcoin's price has reached a new all-time high of $118,404, driven by institutional demand, supportive U.S. policies, and bullish market conditions.

Key Points

1. Bitcoin's price surge is attributed to sustained accumulation, reduced exchange supply, and breaking key resistance levels.

2. Institutional interest, particularly through spot Bitcoin ETFs, has significantly contributed to the price increase, with major asset managers like BlackRock, Fidelity, and VanEck playing key roles.

3. Macroeconomic factors, such as Federal Reserve policies and inflation concerns, have made Bitcoin an attractive hedge.

4. Technical indicators suggest potential for further price increases, with a rise above the current range possibly pushing Bitcoin to around $130K.

5. Over $300 million worth of short positions were liquidated during the price surge, indicating strong market momentum.

Description

The post Bitcoin Reaches $118K Milestone— Here’s What Could Drive Prices Even Higher appeared first on Coinpedia Fintech News Bitcoin price has shattered its previous all-time high, soaring to $118,404 amid a wave of institutional inflows and renewed investor confidence. The breakout follows sustained accumulation, reduced exchange supply, and bullish momentum building over key resistance levels. Supportive U.S. policies, including moves toward a national Bitcoin reserve, have added fuel to the ...

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