Bitcoin reached a new all-time high, recorded at $118,423. This milestone plays a significant role in the dynamics of the crypto market.
Overview of the New ATH
On July 11, 2025, Bitcoin surpassed its previous all-time high, hitting the level of $118,423. This event marks a key milestone in Bitcoin's price trajectory and may signal a new wave of growth in the crypto market.
BTC Chart Analysis
From a technical perspective, the 4-hour BTC/USD chart showcases a classic breakout scenario:
**Breakout Level: $109,000** The orange line indicates the key resistance that Bitcoin struggled to overcome for over two weeks. This level became a solid launchpad after a series of accumulation candles, confirmed by the yellow arrow before the breakout.
**Volume Surge and Bullish Candles** Once $109,000 flipped to support, price action turned vertical. The size and consistency of the green candles signal strong buying pressure and little profit-taking, hallmarks of institutional conviction.
**RSI Indicator: 85.13** The Relative Strength Index (RSI) is deep in overbought territory, currently above 85. While this often precedes short-term cooling, it also reflects immense strength. As long as RSI stays elevated with minimal divergence, the trend remains strong.
**Next Target Zones** With the ATH breached, Bitcoin enters price discovery mode. Traders now eye $120,000 as the next psychological and technical milestone. A retest of the $109,000 breakout zone is possible, but only if momentum slows.
Investor Outlook
The previous price rise of Bitcoin and high levels of institutional demand indicate that the market continues to evolve. This could create new opportunities for investors. However, it is essential to consider potential corrections that may occur due to high RSI levels and moments of overbought conditions.
The achievement of Bitcoin's new record at $118,423 opens new horizons for investors and traders, increasing interest in the crypto market.
