Bitcoin (BTC) Price Surge: Latest Analysis and Predictions!

Jakarta, Pintu News – Bitcoin (BTC) has recently embarked on a significant rise, successfully breaking through the $108,500 resistance zone. Now, the cryptocurrency is not only up more than 3%, but has also managed to hold above the $110,000 level. This rise signals the potential start of a bullish trend that may continue in the near future.

Bitcoin (BTC) Price Rise: What Happened?

After successfully crossing the $108,500 resistance, Bitcoin (BTC) accelerated its rise past several other important resistance points, including $108,800 and $109,500. In addition, there was also a bearish trend break on the hourly chart of the Bitcoin (BTC)/USD pair, with resistance broken at $108,800.

This allowed the bulls to push the price past the $110,000 resistance zone, paving the way towards the $112,000 level. Bitcoin (BTC) peaked at $112,000 and is currently consolidating its gains. The currency has tested the 23.6% Fib retracement level of its upside move from $107,500 to $112,000. Currently, Bitcoin (BTC) is trading above $109,500 and the 100-hour simple moving average, with the next immediate resistance being near $111,600.

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Upside Potential and Upcoming Resistance

If Bitcoin (BTC) manages to break the $112,000 resistance, there is a chance that the price will continue to increase. The next resistance lies at $112,500, and a close above this level could push the price towards $115,000. If this momentum continues, the price could reach $116,000, with the next major target being $118,000. Cryptocurrency investors and analysts should keep an eye on these levels as important indicators for further price movement.

Price Correction: Risk and Support

However, if Bitcoin (BTC) fails to break the $112,000 resistance zone, there could be a downward price correction. Immediate support is near $110,800, with the next major support at $109,750, or the 50% Fib retracement level of the last rise. Further support is at the $109,200 zone, and further declines could take the price back to the $108,500 support in the short term. Major support is at $107,500, below which, Bitcoin (BTC) may continue to decline.

Market Conclusions and Expectations

With technical indicators showing strength in the bullish zone and the RSI (Relative Strength Index) above the 50 level, the short-term outlook for Bitcoin (BTC) appears positive. However, it is important for market participants to remain alert to potential corrections and adjust their strategies accordingly as market dynamics change.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Breakout Alert: $112K Incoming As BTC Forms Bullish Pattern. Accessed on July 11, 2025