Bitcoin’s Wild Ride: 6th All-Time High in 48 Hours! 🚀💰

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Well, well, well, what do we have here? Bitcoin, the digital darling of the financial world, has hit its sixth consecutive all-time high in the past two days, soaring to a dizzying height of $118,600 on July 11. It’s like the digital currency decided to play a game of “how high can I go?” and it’s not showing any signs of stopping. 🚀

Over the past two days, BTC (BTC) has surged roughly 6%, reaching six consecutive all-time highs after breaking through the $110,000 range to a new milestone at $118,668 on July 11. According to data from crypto.news, the token has gone up by 6.8%. It’s as if Bitcoin is on a mission to break every record in the book, and it’s doing it with a wink and a nod. 😎

On July 10, BTC crossed $113,800, marking its second all-time high in less than 24 hours, driven by strong institutional flows and a risk-on market mood. Before that, BTC hit a major resistance range at $111,250 after a bullish expansion on the market. It’s like the market is saying, “You want to go higher? Fine, I’ll give you higher!” 🌟

The ongoing rally is on point with Matrixport analysis, which predicted that BTC would hit as high as $116k and beyond. Following the historic pattern that showed July would bring strong gains for BTC. It’s like the market has a crystal ball, or at least a very good sense of humor. 🧙‍♂️

“If historical seasonality holds, Bitcoin could be poised for another move higher — potentially reaching $116,000 in the coming weeks,” said the on-chain analysis firm in its report. It’s like they’re reading from a script, but a script where the hero always wins. 📜

The ongoing rally is mostly fueled by expectations of Fed rate cuts, increased inflows into spot BTC ETFs, and broader regulatory tailwinds, with analysts projecting BTC may test $120,000 before month-end. It’s like the market is on a sugar rush, and Bitcoin is the candy at the top of the tree. 🍭

In addition, the market environment, which is buoyed by equity highs and “risk-on” flows, paired with technical breakouts, has amplified the move. Although this also sets the stage for BTC testing the $120,000 resistance zone before potentially extending toward the $130,000 to $140,000 range. It’s like Bitcoin is playing a game of “how high can I go?” and the sky’s the limit. 🌠

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2025-07-11 13:36