Bitcoin smashes ahead with 6th ATH in less than two days
2025-07-11 10:41:48
Main Idea
Bitcoin has reached six consecutive all-time highs, surpassing $118,600, driven by institutional flows, a risk-on market mood, and technical breakouts, with analysts projecting further gains.
Key Points
1. Bitcoin surged roughly 6% over two days, reaching a new milestone of $118,668 on July 11.
2. BTC crossed $113,800 on July 10, marking its second all-time high in less than 24 hours.
3. Analysts suggest Bitcoin could reach $116,000 in July, based on historical seasonality patterns.
4. The rally is supported by BTC ETFs, regulatory tailwinds, and a risk-on market environment.
5. Technical breakouts indicate potential for Bitcoin to test $120,000 before month-end, possibly extending to $130,000-$140,000.
Description
Bitcoin reached its sixth consecutive all-time high in the past two days, reaching beyond $118,600 on July 11. Over the past two days, BTC ( BTC ) has surged roughly 6%, reaching six consecutive all-time highs after breaking through the $110,000 range to a new milestone at $118,668 on July 11. According to data from crypto.news, the token has gone up by 6.8%. On July 10, BTC crossed $113,800, marking its second ATH in less than 24 hours, driven by strong institutional flows and a risk-on market ...
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