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A New All-Time High for Bitcoin

Technical Analysis
By Mostafa Mahmoud
A New All-Time High for Bitcoin
0 0

BTCUSD

بيتكوين 10-7-2025

Bitcoin is trading around the resistance level of $111,450, and this area is likely to limit the upward momentum during today’s trading session.

Support

 108150 105600 103150
Resistance 111450 113000

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Bitcoin witnessed a strong rally, approaching a new record level near $112,000, supported by notable buying momentum and increased institutional inflows into the market. Despite this surge, the market is facing some pressure from profit-taking and concerns related to U.S. tariffs, which could impact global risk appetite.

Nevertheless, the outlook remains positive, provided Bitcoin maintains its strong support at $108,600. If the upward momentum continues, the cryptocurrency may target higher levels beyond $112,000, potentially reaching $120,000 in the coming weeks. Traders are advised to exercise caution and closely monitor key support and resistance levels to avoid sudden market volatility.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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