Bitcoin (BTC) Price News: Bitcoin Surges to New ATH Ahead of Crypto Week, Inches Toward $120K Breakout
The post Bitcoin (BTC) Price News: Bitcoin Surges to New ATH Ahead of Crypto Week, Inches Toward $120K Breakout appeared on BitcoinEthereumNews.com. Bitcoin has broken through yet another milestone, reaching a new all-time high (ATH) of $119,292 over the weekend, just as anticipation mounts for Crypto Week 2025. The bullish momentum has reignited excitement across the market, even as analysts flag low trading volumes and mixed signals from technical indicators. Bitcoin Price Today: Market Overview At the time of writing, the Bitcoin price today hovers near $118,700, having gained around 1% in 24 hours. According to CoinMarketCap, Bitcoin’s market capitalization has surged past $2.5 trillion. The recent spike follows a weekly gain of nearly 10%, marking one of the steepest climbs in recent months. Bitcoin (BTC) was trading at around $118,722, up 1% in the last 24 hours at press time. Source:Bitcoin Liquid Index (BLX) via Brave New Coin Bitcoin technical analysis points to strong upward momentum. After bouncing from a June low of $98,240, BTC broke above key resistance between $110K and $112K. The daily chart shows a clear uptrend of higher highs and higher lows. However, trading volume has tapered off since the breakout, suggesting possible consolidation around the $117K–$118K zone. Technical indicators paint a mixed picture. The RSI stands at 74, indicating overbought conditions, while MACD levels remain bullish. Support levels are seen near $117,000 and $116,600, with short-term bullish momentum intact if prices hold above these zones. Crypto Week Catalysts Fuel Optimism Investor enthusiasm has grown ahead of Crypto Week, scheduled from July 14 to 17. The U.S. House of Representatives is set to review three pivotal pieces of crypto legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. Passage of any of these could reshape the regulatory landscape for cryptocurrencies. July 14, 2025, marks a historic week for crypto with key U.S. House votes and the ISO 20022 infrastructure launch. Source: Danny via…
The post Bitcoin (BTC) Price News: Bitcoin Surges to New ATH Ahead of Crypto Week, Inches Toward $120K Breakout appeared on BitcoinEthereumNews.com.
Bitcoin has broken through yet another milestone, reaching a new all-time high (ATH) of $119,292 over the weekend, just as anticipation mounts for Crypto Week 2025. The bullish momentum has reignited excitement across the market, even as analysts flag low trading volumes and mixed signals from technical indicators. Bitcoin Price Today: Market Overview At the time of writing, the Bitcoin price today hovers near $118,700, having gained around 1% in 24 hours. According to CoinMarketCap, Bitcoin’s market capitalization has surged past $2.5 trillion. The recent spike follows a weekly gain of nearly 10%, marking one of the steepest climbs in recent months. Bitcoin (BTC) was trading at around $118,722, up 1% in the last 24 hours at press time. Source:Bitcoin Liquid Index (BLX) via Brave New Coin Bitcoin technical analysis points to strong upward momentum. After bouncing from a June low of $98,240, BTC broke above key resistance between $110K and $112K. The daily chart shows a clear uptrend of higher highs and higher lows. However, trading volume has tapered off since the breakout, suggesting possible consolidation around the $117K–$118K zone. Technical indicators paint a mixed picture. The RSI stands at 74, indicating overbought conditions, while MACD levels remain bullish. Support levels are seen near $117,000 and $116,600, with short-term bullish momentum intact if prices hold above these zones. Crypto Week Catalysts Fuel Optimism Investor enthusiasm has grown ahead of Crypto Week, scheduled from July 14 to 17. The U.S. House of Representatives is set to review three pivotal pieces of crypto legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. Passage of any of these could reshape the regulatory landscape for cryptocurrencies. July 14, 2025, marks a historic week for crypto with key U.S. House votes and the ISO 20022 infrastructure launch. Source: Danny via…
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