Bitcoin Smashes Through $117K on Bitstamp
2025-07-10 21:54:15
Main Idea
Bitcoin reached a new all-time high of $117,000 on Bitstamp, driven by a strong bullish breakout and significant market momentum.
Key Points
1. Bitcoin surged to $117,000 on Bitstamp, marking a fresh all-time high during a powerful hourly breakout.
2. The hourly chart showed a strong bullish formation, with the price moving from $108,500 to $117,000 in a sudden and explosive manner.
3. The breakout above $114,000 acted as a catalyst for the final push past $117,000, surprising many traders.
4. Market momentum is now focusing on the $120,000 level as the next key psychological target.
5. At the time of reporting, Bitcoin was trading at $116,333.
Description
Bitcoin blasted through a fresh all-time high today, touching $117,000 on Bitstamp during a powerful hourly breakout. The hourly chart reveals a strong bullish formation, with the digital asset consolidating for several days in a tight range between $110,000 and $113,000 before vaulting upward in a dramatic green candle. Volume kicked up notably in tandem
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