Bitcoin (BTC) smashed its all-time high, hitting $113,833 on July 10, 2025, sparking a market-wide surge. Analysts from B2BINPAY see this breakout pushing Bitcoin toward $120,000.
The cryptocurrency climbed past a critical $112,000 resistance, triggering $280 million in liquidations within an hour. B2BINPAY analysts noted, “Bitcoin’s latest breakout above $112,000 confirms the market has broken out of its ‘indecisive’ phase.”
Strong ETF demand, exchange outflows to cold storage, and corporate treasury investments fuel this bullish momentum. Bitcoin is now at a multi-year high of 64%, underscoring its market strength and dominance.
However, Bitcoin faces resistance at $111,250, and without volume confirmation, it risks falling back to $98,270. B2BINPAY analysts remain optimistic, stating, “Structurally, the chart now points toward the $115,000-$120,000 zone, with strong momentum behind it.”
Altcoins may also benefit from Bitcoin’s rally, with potential for a late-summer rotation. B2BINPAY analysts cautioned, “If macro shocks hit, like a hawkish Fed pivot or geopolitical escalation, Bitcoin could spike in dominance as risk appetite vanishes.”
Altcoins, more sensitive to macroeconomic shifts, face higher volatility. Yet, analysts see them “quietly positioning” for gains if market conditions align.
Bitcoin’s record-breaking run reflects renewed spot demand and conviction buying. With structural signals pointing upward, the $120,000 target appears within reach.
