As of now, Bitcoin is trading at around $118,100, up 1.25% over the past 24 hours. While weekly gains remain modest, holding this range is viewed by technical analysts as essential for sparking the next leg up.
Van de Poppe’s chart outlines $116.8K as a pivotal level. Below that lies a liquidity zone between $110K–$112K, which he describes as a “brilliant area to accumulate” if prices dip. On the flip side, reclaiming and holding above the $119.5K zone would likely open the door to a new all-time high test.
READ MORE:
Massive Bitcoin Price Prediction – but Market May Need More Time to Get There
Crucial Levels in Focus
- $116.8K: Must hold to maintain bullish momentum
- $119.5K: Resistance level to break for a rally to ATH
- $110K–$112K: Accumulation zone if price drops
The sentiment comes as daily trading volume surges past $51.9 billion, indicating renewed investor interest amid growing anticipation for the next bullish impulse.
With BTC’s market cap now at $2.35 trillion and upward pressure building, all eyes are on how Bitcoin performs heading into the final days of July. A successful retest of key resistance could signal that the next major breakout is just around the corner.
The post Bitcoin Holds Key Support – Analysts Predict New All-Time Highs Ahead appeared first on BitcoinLinux.
