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Bitcoin on the Verge of a New All Time High

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BTCUSD

البيتكوين 11-8-2025

Bitcoin is trading below the $123,000 resistance level, and this area is likely to limit the pace of the upward movement during today’s trading.

Support

120765 116270 113230
Resistance 123000 123500

Bitcoin witnessed a sharp surge, surpassing the $122,000 level and approaching its all time high, supported by substantial inflows into exchange traded funds and growing institutional demand. This momentum was driven by supportive political decisions and the expansion of major companies into investment and mining, boosting market confidence and pushing the total cryptocurrency market value above $4.1 trillion, amid expectations of continued gains toward new record levels.

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