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    Home»Bitcoin»Bitcoin BTC Hits New All Time Excessive Worth: Right here is What Comes Subsequent ‣ BlockNews
    Bitcoin BTC Hits New All Time Excessive Worth: Right here is What Comes Subsequent ‣ BlockNews
    Bitcoin

    Bitcoin BTC Hits New All Time Excessive Worth: Right here is What Comes Subsequent ‣ BlockNews

    By Crypto EditorJuly 9, 2025No Comments2 Mins Read
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    • Bitcoin set a brand new all-time excessive of $111,999, recovering from an April low of $74,500 after a 30% drop earlier this 12 months.
    • Technical indicators level to a subsequent goal of $131,000, with wave idea suggesting a long-term potential of $237,000.
    • The bullish construction stays legitimate so long as BTC stays above $98,200, the low from its most up-to-date correction.

    Bitcoin’s 2025 journey has been nothing wanting a rollercoaster. The 12 months began with a steep 30% drop, bottoming out round $74,500 in April. However in true Bitcoin trend, the worth reversed with authority, climbing again to set a brand new all-time excessive (ATH) of $111,999 on July 9, persevering with the bullish momentum that started in late spring.

    After correcting to $98,200 in June, BTC bounced again strongly, avoiding a serious breakdown. This transfer created a bullish engulfing candlestick, signaling that bulls had been nonetheless in management. The return above the $104,000 assist zone and subsequent breakout has now confirmed the continuation of the uptrend.

    Technical Evaluation and Fibonacci Goal

    With BTC now in value discovery, the subsequent logical goal comes from the 1.61 exterior Fibonacci retracement degree, projecting a possible transfer to $131,000. Nonetheless, the true intrigue lies within the Elliott Wave depend, which suggests Bitcoin is within the fifth and ultimate wave of a rally that started again in December 2022.

    If this fifth wave extends — as present parabolic value motion suggests — the long-term goal might be round $237,185, assuming it matches the mixed size of the earlier waves. The wave construction stays intact so long as BTC doesn’t dip beneath $98,200, the low of the latest correction.

    Correction Breakdown and Channel Exit

    The correction from April to June unfolded in a descending parallel channel, a typical sample in Elliott Wave idea. BTC’s breakout from this formation signifies the correction has ended, reinforcing the bullish setup. Merchants and analysts are watching carefully to see if BTC can keep assist above $110,000 because it targets the subsequent leg up.

    Bitcoin BTC Hits New All Time Excessive Worth: Right here is What Comes Subsequent ‣ BlockNews

    Remaining Ideas

    Bitcoin’s sturdy rebound and new ATH sign that the bull market should have room to run. Whether or not it’s a measured climb to $131K or a euphoric burst to $237K, technicals recommend BTC’s rally is way from over. So long as key assist ranges maintain, bulls stay firmly in cost.



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