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
Latest News
- ECB Promotes Digital Euro as a Sovereign Cash Alternative2025-07-11 05:43:20
- US Senate Introduces Bill to Enact Sanctions on El Salvador’s Bitcoin Usage in Human Rights Violations2025-07-11 04:41:10
- Crypto Cards Go Mainstream, Market Projected to Reach $152B by 20312025-07-11 03:38:40
- US Tariffs on BRICS Could Deepen Global De-Dollarization Trend, Economist Warns2025-07-11 02:38:35
- Ripple’s RLUSD Boosts Transparency and Compliance, Signals Finance Shift2025-07-11 01:42:01