Bitcoin Smashes Records, Hits $117,000Bitcoin has climbed to a new all-time high of approximately $117,000, gaining further credibility as an institutional asset class. Strong demand from ETFs, growing mainstream adoption, and a favourable stance from President Trump regarding crypto regulation are all contributing to this momentum.
As Bitcoin grows in market cap and adoption, its volatility has been slightly dampened, but it remains highly reactive at technical pivot points.
Technical View (BTC/USD):
The next resistance sits at $118,000, which also coincides with the 161% Fibonacci extension level. If price stalls here, expect potential pullbacks toward $114,000 or even down to $110,000. However, a confirmed breakout above $118,000 could re-establish a new bullish leg.
BTCUSD.P trade ideas
Old but accessible price targetIt was around the end of 2024 that I had an interesting price target for BTC, but the entry points only looked attractive in the green box area.
This green box was obtained solely based on my personal strategy, and the final and near target was obtained based on the trend lines and channel, from which I personally draw appropriate conclusions with price targets!
The excellent return from BTC, although time-consuming, was very attractive for spot traders!
Good luck!
MJ.REZAEI
QUICK TRADE - GOING LONG IN BTCUSDCOINBASE:BTCUSD QUICK TRADE - GOING LONG IN BTCUSD📈
Yesterday bitcoin unexpectedly hit the all-time high 112,000.00 level. Since after that the asset has been shaping the pennant chart pattern, which may be just a consolidation before next bullish impulse. In this case I consider openning
🔼 a buy stop order at 111458.95 with
💰a take profit at 113984.10 and
❌a stop loss at 110591.05
If this happens and we break the resistance level of 112,000.00, we may expect the bullish impulse climb towards 114,000.00 level (my take profit in this case is just below it). Let's see.
BTC/USD Breaks Out, Eyes Fresh Highs Above $116,000📉 Technical Structure
BITSTAMP:BTCUSD BTC/USD confirmed a bullish breakout above the $111,000–$111,350 resistance zone, which has now flipped into support. Price action shows a clean retest and bounce from this level, indicating a bullish continuation. Key support lies at the $110,600–$109,000 demand zone. If the price clears $116,800, bulls may target $118,000–$120,000 next.
📈 Long Trade Setup
Entry: $111,350
Stop Loss: $109,000
Take Profit 1: $116,800
Take Profit 2: $118,000
Invalidation: Break below $109,000 and trendline
🌐 Macro Background
BINANCE:BTCUSD Bitcoin rallied above $116,000 to a new all-time high after clearing the $111,000 resistance. The breakout was supported by strong momentum and optimism following a technical trendline breach. Despite some selling pressure and rising funding rates, the broader trend remains bullish. A sustained move above $116,800 could open the door toward $120,000.
📌 Key Technical Zones
Resistance: $116,800 / $118,000
Support: $110,622–$111,350, $109,006–$109,572
📘 Trade Summary
As long as BTC/USD remains above $111,350, the bullish structure is valid. Short-term pullbacks into the $109,006–$109,572 zone may offer buying opportunities.
⚠️ Disclaimer
This analysis is for informational purposes only and does not constitute investment advice.
$BTC Breakout Confirmed – Next Stop: $120K? CRYPTOCAP:BTC Breakout Confirmed – Next Stop: $120K?
I told you — if BTC closes above the box, a breakout was imminent… and it just confirmed!
Price has cleanly closed above the $110K resistance zone after multiple rejections — this breakout signals strong bullish momentum. 📈
Next stops: $120K and beyond
Breakout buyers are now in control — as long as BTC stays above $110K.
BTC 98500 ENTRY IS UP MASSIVE BITTEACHHUGE WIN FOR MY MEMBERS AND MY TRADING VIEW FOLLOWERS. check all my recent LONG calls i made this month.
this call was on my other banned trading view on 6/5 2025 at a 98600 entry point on BTC. we are absolutley printing a BAG right now and nothing is stopping the digital economic train.
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Crypto at All Time Highs! But...Last month I shared a chart of an equal-weight crypto basket suggesting crypto may be on the cusp of fresh All Time Highs -- those highs have arrived! While that is certainly exciting for crypto holders one should take note of other aspects of the rally.
The US Dollar has depreciated substantially against foreign currencies this year (2025)
Bitcoin has yet to reach a fresh high against Gold
Bitcoin is strongly correlated to US equities, which are also at all time highs
USD Decline
The US Dollar is down a whopping 10% against a basket of foreign currencies this year, lead ostensibly by President Trump's raucous political policies, most notably aggressive tariffs across the globe and industries. The crypto rally therefore could be characterized as more of a Dollar softening than a crypto strengthening.
Bitcoin v Gold
Bitcoin - still the epicenter of all things crypto has not topped Gold.
Gold in fact has been on a heater of late against the Dollar.
Many folks still regard Gold as "real money". As such crypto could be said to be in a "stealth bear market", especially considering the declining momentum against Gold while failing to match its highs.
Bitcoin v Stocks
Bitcoin is also strongly correlated to US equity performance, despite claims that it's a hedge. The correlation has only grown stronger as Bitcoin's price against the Dollar has soared.
That said, it does consistently outperform equities, as long as the music is still playing!
Closing Thoughts
Most people likely don't care about how Bitcoin is faring against Gold. Bitcoin, the highest quality form of crypto is itself still highly speculative. While an equal-weight basket of cryptos is impressively reaching an all time high against the Dollar, coins with smaller market caps will surely be the first to go when this speculative impulse subsides.
There's probably still some gas in the tank at this point, but now is a good time to consider trimming positions before you miss the chance 🤑
BTC/USD: Bitcoin Holds Above Key Support — Target at 113,388Market Overview:
Bitcoin is trading near 111,250 after breaking out of a descending structure and forming a bullish channel. The price has firmly established itself above the daily level of 110,600, signaling continued bullish momentum. The market is now aiming toward the channel’s upper boundary.
Technical Signals & Formations:
— Completed ABCD pattern
— EMA supports the bullish bias
— 110,600 now acts as key support
— Upside potential toward 113,388
Key Levels:
Support: 110,600, 109,115
Resistance: 112,000, 113,388
Scenario:
Primary: As long as BTC holds above 110,600, a move toward 112,000 and 113,388 remains likely.
Alternative: A drop below 110,600 may trigger a pullback toward 109,115.
111-112 Resistance LevelOnce BTC breaks above the 111-112 resistance level and flips it into support we should see price run to 125+ rather quickly. If history echoes, price discovery could easily touch 150, if not 175-200. Also, we should see BTC entering the "euphoric" phase of the cycle around the week of Aug 18th. Fun days are ahead :) remain vigilent!
Bitcoin at Triple Resistance – Will the Third Time Break It?BTC/USD is pressing against a key resistance zone near $112,500 for the third time in recent months.
This time, the breakout attempt is backed by a clear ascending trendline, showing sustained bullish pressure from the lows.
Highlights:
Triple top formation? Or ascending triangle breakout?
$112.5K has rejected BTC twice already
Higher lows = buyers stepping in more aggressively
Watch for volume surge and daily close confirmation
Break above = $118K–$120K likely in play.
Reject = revisit of trendline support near $106K.
Bitcoin Makes New All Time High - BrieflyBitcoin briefly made a new all-time high yesterday, tagging $112,000 before pulling back slightly. The breakout came after a multi-week consolidation that formed higher lows and built pressure just below resistance. Price is now hovering just under that key $112K level, which has become the short-term line in the sand for bulls. A daily close above would confirm the breakout and likely bring strong continuation, but for now BTC remains in a tight battle between buyers and sellers.
The 50-day moving average continues to trend upward and is providing dynamic support, while the recent surge in volume suggests traders are positioning for a larger move. If price fails to break cleanly above $112K, we could see a short-term retest of the $105,787 area – the previous breakout level – before any further upside. Overall, Bitcoin remains in a strong uptrend, with the path of least resistance clearly higher if bulls can secure a decisive close above all-time highs.
July 7 Bitcoin Bybit chart analysisHello
This is Bitcoin Guide.
If you "follow"
You can receive real-time movement paths and comment notifications on major sections.
If my analysis was helpful,
Please click the booster button at the bottom.
Here is the Bitcoin 30-minute chart.
There is no separate Nasdaq indicator announcement today.
I think the Nasdaq lower gap section retracement will be the focus.
Recently, sideways movement or adjustments have been coming out before the trend,
So I proceeded safely in preparation for variables.
*When the blue finger moves
Bidirectional neutral
Short->long switching or 2nd section long waiting strategy
1. $109,380 short position entry section / cut-off price when orange resistance line is broken
2. $108,997.8 long position switching / cut-off price when purple support line is broken
3. $109,610.9 long position 1st target -> Top 2nd target -> Good 3rd target
It seems important whether the purple support line is broken from the current position. If the first section at the top touches 108,997.8 dollars and comes down,
it may become a vertical decline section.
If it comes down right away, it is a long-waiting strategy in the final second section,
and if it deviates from the bottom section today
(6+12 pattern)
because it is a full candle when the gap section is touched,
it may fall to 107,484 dollars indicated at the very bottom.
I have important work to do tomorrow,
so I will take a day off and come back on Wednesday.
Please use my analysis so far for reference and
I hope you operate safely with principle trading and stop loss prices.
Thank you.
Bitcoin Tests Record High as Momentum FadesBitcoin is bullish, testing the all-time high at $112,000.0. Stochastic shows an overbought reading of 83.0, indicating momentum may stall.
As of now, BTC trades slightly below this level. Since it's the first test of $112,000.0, consolidation could follow. If bulls fail to break higher, price may dip toward $107,268 and $105,119.0 supports.
Wave Pattern: Complex Correction (Triple Three) on BITCOINThe price action on this BTC chart displays the characteristics of an overlapping, sideways, and downward-drifting nature of the price swings strongly indicates a complex corrective pattern. The most fitting pattern is a Triple Three, denoted as W-X-Y-X-Z. This is an extended consolidation pattern composed of three simpler corrections (W, Y, and Z) linked by two intervening waves (X).
Most Probable Next Moves
Based on the identification of the market being at the end of a second Wave X, the following are the most probable scenarios:
Primary Scenario: A Decline in Wave Z
The highest probability path is a decline in Wave Z.
Immediate Move: The price is expected to turn down from the current resistance area (the peak of the second Wave X, roughly $110,600).
Structure of the Move: Wave Z will itself be a corrective pattern, most likely another zig-zag (structured as A-B-C down).
Price Target: A common characteristic of a Triple Three is that Wave Z will often push to a new low for the entire structure. The chart's pre-marked "NEAR TERM TARGET" at $97,021 is a logical objective. This would involve breaking below the previous Wave Y low of $98,225.
Alternative Scenario (Less Likely)
A less probable scenario is that the entire W-X-Y correction completed at the June 23rd low. In this case, the rally since then would be the beginning of a new impulsive uptrend (Wave 1). This is considered less likely because the rally from late June to early July appears corrective and lacks the powerful, non-overlapping structure typical of a new impulse wave. For this scenario to gain credibility, the price would need to decisively break above the major barrier at $111,897.