Bitcoin Hits New All-Time High — Surges Over 4%, $120K Within Reach
Source Tradingkey
TradingKey – On Friday, July 11, Bitcoin (BTC) extended its rally, jumping 4.29% to an intraday high of $117,000, setting a fresh all-time record. At press time, BTC is trading at $115,550, with analysts eyeing a move toward $120,000.
Bitcoin Price Chart – Source: CoinMarketCap.
The breakout has lifted the broader crypto market:
- Ethereum (ETH) surged over 6%
- Ripple (XRP) gained more than 5%
- Solana (SOL) rose over 4%
President Donald Trump celebrated the rally on social media, declaring that crypto prices have “blown through the ceiling.”
Bitcoin’s decisive move above the $112,000 resistance zone has fueled bullish sentiment. According to IG analyst Tony Sycamore, while the new high hasn’t yet sparked a full-blown breakout, there’s still room for BTC to climb toward $120K, especially if momentum holds.
Bitcoin Price Chart – Source: TradingView.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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