Bitcoin Smashes Records! Price Nears $120K—Will It Top $150K? Darlings, Hold Your Gin!

by

Bitcoin

BTC
$111 499


24h volatility: 2.4%


Market cap: $2.22 T


Vol. 24h: $36.57 B

Dash me a cocktail, Jeeves—Bitcoin has sashayed past its old all-time high, prancing over the $112,000 mark late on July 9. The champagne is flowing, and the bears are sobbing quietly into their short positions, which are being scooped up like yesterday’s newspaper by a crowd of risk-loving socialites. 🍾💥

The world’s grandest digital darling now struts about with a $2.2 trillion market cap—one can practically hear the blockchain roaring from Knightsbridge to Kowloon. 24-hour trading volume has gone up by 42%, which is nearly as dizzying as Aunt Gertie at the regatta, and the Crypto Fear & Greed Index has leapt to a “Greed” score of 71. The market, my dears, is feeling optimistic, brittle, and possibly over-caffeinated.

For weeks, Bitcoin wallowed like an aristocrat trapped at a tedious luncheon, hemmed in by a “tight consolidation range”—which, honestly, does sound like a rather uncomfortable undergarment. Skepticism abounded, but against all odds (and Aunt Gertie’s perpetually bearish nephew), Bitcoin has erected a daily higher high, drawing a curtain on the melancholy drama since May.

Kyle Reidhead, co-founder of Milk Road (a name that evokes either nostalgia or lactose intolerance), weighed in on X with the subtlety of an operatic soprano: “See you at $150k.” Apparently, all one needs is a bullish cup-and-handle and a hearty belief in fairy tales, and voilà!—the next act is a price of $150,000.

see you at $150k 🫡

— Kyle Reidhead | Milk Road (@KyleReidhead) July 9, 2025

The drama continues: CryptoBusy, spotting what they declare a “bullish flag formation” on the 4-hour chart (which sounds like surveillance at Ascot), suggests a close above $112,000 shall launch us irrepressibly to $120,000. But do avoid negative fundamentals, won’t you? Wouldn’t want reality to spoil our fun. 😏🚩

🟠 BITCOIN: Once we confirm above the $112,000 resistance, $120K is imminent for $BTC!

Just don’t drop any negative fundamentals that could affect the market!

— CryptoBusy (@CryptoBusy) July 10, 2025

CoinGlass, the oracle of misfortune, notes $219 million in shorts have been sacrificed at the altar of price resistance, with $1.6 billion more still teetering on the brink of doom if BTC makes it to $115,000. One imagines the short sellers clutching their pearls and vowing never to trust a parabolic chart again.

Traders Still Cautious

Despite the fanfare, not everyone is breaking out the caviar. BTC is, at this very moment, lounging around $111,078—a 2% rise, which is delightful unless you missed it in pursuit of scones. Analysts remain nervy, wary of profit-taking and that perennial bane of high society: market overheating.

Curiously, some dusty old wallets (not the Chanel kind, sadly—think crypto stashes untouched for 6–10 years) are suddenly stirring. This, traditonally, precedes “major market shifts”, which is code for “look busy, something wicked this way comes.”

Meanwhile, Santiment’s tireless Brian Quinlivan chimes in on Tuesday: the Bitcoin sentiment ratio is higher than the Dowager Countess at afternoon tea. Similar optimism on June 11 and July 7 led to sharp corrections, so perhaps tuck away that yacht catalog for now.

🤪 Bitcoin traders are leaning very bullish once again with crypto’s top coin’s market value sitting just above $108.5K. Be cautious while crowd FOMO is pouring in, as it can often lead to short-term corrections.

🔗 Link to keep tabs on $BTC sentiment:

— Santiment (@santimentfeed) July 8, 2025

And so, as Bitcoin performs its latest waltz and new fortunes are made or lost at the mere click of a mouse, traders everywhere wait—eyes wide, wit sharpened—ready to dash for the next altcoin as soon as our unruly headline act finds its chaise lounge.
🥂💸

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2025-07-10 15:39