Here’s why Bitcoin hit an all-time high and can run to $120k
2025-07-10 19:46:09
Main Idea
Bitcoin recently broke its all-time high, reaching $113,833, with analysts suggesting strong momentum toward the $115,000-$120,000 zone, while altcoins may see a rally later in the summer.
Key Points
1. Bitcoin (BTC) reached $113,833, breaking its all-time high (ATH) for the second time.
2. The breakout above $112,000 led to over $280 million in liquidations within an hour.
3. Analysts noted renewed spot demand and conviction buying, indicating strong momentum toward the $115,000-$120,000 zone.
4. Altcoins may have a late-summer rally opportunity, though Bitcoin's dominance remains high.
5. Potential macro shocks, such as a hawkish Fed pivot or geopolitical escalation, could spike Bitcoin's dominance further.
Description
Bitcoin recently broke its all-time high, and experts believe that a move to $120,000 could be possible. On July 10, Bitcoin (BTC) reached $113,833, breaking its ATH for the second day in a row and causing a boom in the entire market. Now, bullish momentum is building, crypto analysts from B2BINPAY shared with crypto.news. Moreover, altcoins could be the biggest winners in this cycle. After weeks of trading around $106,000 and $110,000, Bitcoin finally broke through a key level at $112,000. Acco...
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