• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin (BTC) Hits New All-Time High: What's Next?

user avatar

by Giorgi Kostiuk

9 hours ago


Recently, the price of Bitcoin (BTC) reached a new all-time high, briefly surpassing $111,970. This event is a result of a long-term trend and has attracted the attention of analysts and investors.

Open Interest Surge Confirms Strength Behind BTC

Crypto analyst DaanCrypto noted that open interest in Bitcoin surged by $1.1 billion just before a sharp $400 million flush occurred. This happened as prices reached $111,000.

This liquidation event cleared many overleveraged long positions, which is a positive signal as the Bitcoin price held above $108,000. This indicates that spot buyers are present and willing to support the price at higher levels.

Bitcoin Dominance Rises Amid Altcoin Pressure

As Bitcoin hits new highs, its market dominance has increased to 63.8%. This indicates real capital rotation, as altcoins continue to face selling pressure. A rising dominance metric often confirms Bitcoin's strength during breakout phases.

Global Trends and Bitcoin Price Prospects

According to current trends, Bitcoin is now using Fibonacci extensions to project potential support and resistance levels. Analysis shows that the next key areas to watch are at $112,439, followed by $116,000 and higher levels like $135,425. However, if the price falls below $107,000, it may weaken the short-term bullish thesis.

The price of Bitcoin and the associated trends indicate that the current dynamics are supported by healthy flows and increasing dominance. Investors and analysts expect Bitcoin to be able to convert this breakout into a more significant movement, focusing on key resistance levels and potential liquidations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Largest Bitcoin Transfer from Satoshi Era: What Happened?

chest

An overview of the movement of 80,000 BTC from dormant wallets and its impact on the market.

user avatarGiorgi Kostiuk

Record High in Ethereum Open Interest: What Does It Mean?

chest

Ethereum Open Interest has set a new record, reflecting growing interest in ETH futures. Discover the implications of this event.

user avatarGiorgi Kostiuk

K Wave Media Secures $1 Billion for Bitcoin Accumulation Amid Inflation Concerns

chest

K Wave Media has secured $1 billion for its Bitcoin treasury strategy, reflecting a growing trend of companies allocating funds to digital assets.

user avatarGiorgi Kostiuk

LittlePepe Attracts Investor Attention Amid Successful Presale

chest

LittlePepe concludes its presale phase, raising $4.475 million, reflecting strong interest in meme coins.

user avatarGiorgi Kostiuk

Nicholas Truglia: Extended Prison Sentence for Failure to Repay Restitution

chest

Nicholas Truglia faces a 12-year prison sentence for failing to repay over $20 million to victim Michael Terpin.

user avatarGiorgi Kostiuk

Historic NRW.BANK Blockchain Bond Issuance: Implications for Finance

chest

NRW.BANK has issued blockchain bonds worth €100 million, signaling growing institutional adoption of cryptocurrencies.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.