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Bitcoin Breaks $117,000 Resistance and Continues to Rise

Bitcoin Breaks $117,000 Resistance and Continues to Rise

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by Giorgi Kostiuk

6 hours ago


In 2025, Bitcoin demonstrates impressive performance, overcoming key resistance levels and garnering attention from both investors and analysts.

Analysis of Current Bitcoin Trends

As of July 11, 2025, Bitcoin has confidently surpassed the psychological level of $117,000, showcasing an upward trend with subsequent formation of higher peaks and troughs. This indicates a classic bullish structure on the chart. The recent candle also confirms high interest from buyers.

Institutional Support in Bitcoin's Rise

The market is exhibiting increasing trading volume and strong support from institutional investors, which has become a key factor in the breakout following a prolonged period of consolidation. Over 8 companies have significantly acquired Bitcoin this year, with some announcing plans to make Bitcoin their primary reserve asset.

Changes in the Wealth Status of Satoshi Nakamoto

As of July 11, 2025, Satoshi Nakamoto, the creator of Bitcoin, has become the 12th richest person in the world following the price reaching $112,000. His wallet holds 1.09 million Bitcoins, currently valued at $129.12 billion.

Bitcoin's growth in 2025 is driven by both technical factors and institutional support, impacting its legitimacy as a store of value.

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