BTC All-Time High Liveblog: Is This Run Different?
2025-07-10 19:13:30
Main Idea
Bitcoin has reached a new all-time high of $113,800, with analysts and industry experts monitoring its potential rise to $120,000 and discussing differences in the current market cycle compared to previous ones.
Key Points
1. Bitcoin hit a new all-time high of $113,800, nearly doubling from $57,899 a year ago.
2. Analysts are observing whether Bitcoin can rise to $120,000 and noting differences in market dynamics compared to previous cycles.
3. The 2021 bull run was driven by leverage and derivatives, while the current cycle shows less retail euphoria.
4. Technical indicators like RSI show bearish divergence, and Bitcoin is still below record highs against EUR and GBP.
5. The broader crypto market has also seen gains over the past few days.
Description
Bitcoin just blew past $113,800 on Thursday, setting a new all-time high. The oldest digital asset has been on a tear for the last several months — and has nearly doubled over the past year, climbing from $57,899 a year ago today. CoinDesk analysts and industry experts are watching closely to see if bitcoin (BTC) can rise to $120,000, or if this week's price action is just an ephemeral gasp. Unknown block type "divider", specify a component for it in the `components.types` option James Van Strat...
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