Bitcoin price hits new record high
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Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.
Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.
Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.
Bitcoin price stabilizes around 111,000 on Thursday after hitting a record high of nearly $112,000 the previous day. Fed Minutes spark renewed risk-on sentiment as it showed officials foresee interest rate cuts later this year, boosting momentum across markets.
Bitcoin at $117,000 and Nvidia crossing $4 trillion in market value isnt just hype — it might signal the start of a massive tech-crypto supercycle. With AI booming and crypto going mainstream in the U.
Bitcoin's recent bull run has been characterized by steady price increases and declining volatility, aligning more with traditional financial markets.
Traders on the Myriad prediction market are split as momentum wanes and resistance looms just above the $109K price mark for Bitcoin.
Find expert Bitcoin (BTC) price predictions for 2025, 2026 and 2030. See key drivers, potential risks, analyst insights and future BTC outlook.
In summary, Bitcoin currently stands at a critical juncture, held up by solid support while technical signals point to hesitation above resistance. The convergence of technical setups and broader market sentiment sets the stage for a potentially decisive move in July, one that could define the next chapter of its price trajectory.