Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13287
Markets: 104620
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13287
Cryptocurrencies
63.45%
Bitcoin Share
Seeking Alpha 2025-07-10 15:58:00

Bitcoin: Price Breaks Out Of Consolidation And Retests The $112,000 High (Technical Analysis)

Bitcoin: Price Breaks Out Of Consolidation And Retests The $112,000 High (Technical Analysis)

Summary Bitcoin surged 2.8% on Wednesday to retest May's all-time high. Profit-taking signals emerge from long-term holders' on-chain activity. $110,530 support to prevent Bitcoin from falling back into its eight-week range. By Sholanke Dele Bitcoin price surprised traders on Wednesday by posting a sharp 2.8% surge, its biggest gain in six days. The move broke through a narrow five-day range between $107,350 and $109,800, pushing price above June’s high at $110,530 and retesting the $112,000 all-time high that last printed in May. That breakout flipped the week’s performance from negative to positive and pushed July’s gain to 3.8%. Volume on the breakout day was stronger than the previous 14 sessions, confirming market conviction behind the move. But despite that, price action on Thursday has stalled. Bitcoin has hovered around $111,300 from the Asian session through the European session, showing signs of hesitation after Wednesday’s strength. BTC price dynamics (January - July 2025). Source: TradingView Sentiment hasn’t shifted much, either. The Binance fear and greed index is still in neutral territory at 58, a slight uptick from 52 the previous day. Traders are yet to show full commitment to a continuation above all-time highs. Bitcoin RSI and EMAs keep bullish structure, but hesitation near $112k limits upside Meanwhile, on-chain data flagged movement of dormant Bitcoin from long-term holders who had held coins for seven to ten years. These kinds of transfers often suggest profit-taking, especially after price reaches high-value areas like all-time highs. On the technical front, both the daily and 4-hour RSI are still showing bullish momentum, and price structure is supported by upward-trending EMAs. Bitcoin currently trades between two key levels: $110,530, now acting as support, and $112,000, which serves as resistance. If the price slips below $110,530, there’s a high chance Bitcoin may pull back into the consolidation range that has held for the last eight weeks between $100,000 and $112,000. But if bulls manage to absorb supply and reclaim strength above $112,000, it opens the door for a fresh breakout. Traders had aggressively shorted Bitcoin for nine weeks, but spot buyers defended 100k support . RSI stayed above 50 and signalled strength as Bitcoin held key levels. This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post

Most Read News

Moralis Money
Market Cap
24h Vol
63.45%
Bitcoin Share
465
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.