Bitcoin Breaks Sixth All-Time High in Two Days, Surges Past $118,600

     

Bitcoin Gains 6.8% in 48 Hours Amid ETF Inflows and Rate Cut Hopes

Bitcoin recorded its sixth consecutive all-time high in under 48 hours, surging to $118,668 on July 11 as bullish momentum continues to build across the crypto markets.

The world’s largest cryptocurrency has climbed roughly 6.8% in the past two days, according to data from TradingView, breaking through the $110,000 resistance to set new records on back-to-back trading days.

On July 10, Bitcoin surpassed $113,800 — its second ATH within 24 hours — driven by strong institutional buying, ETF inflows, and broader optimism in risk assets.

Bitcoin initially met heavy resistance near $111,250 before accelerating higher, in line with July price projections from Matrixport, which had forecast a potential run toward $116,000 and beyond.

Analysts Eye $120K–$140K as Rally Strengthens

Matrixport noted in a recent report that July historically delivers strong performance for Bitcoin, adding that “if historical seasonality holds, Bitcoin could be poised for another move higher.”

Market analysts now expect Bitcoin to test the $120,000 level before the end of the month, potentially extending toward $130,000–$140,000 if bullish conditions persist.

The latest price action is supported by expectations of imminent Federal Reserve rate cuts, record highs in equities, and continued inflows into spot Bitcoin ETFs — all contributing to a risk-on sentiment.

Technical breakouts have further strengthened the rally, as Bitcoin firmly exits previous consolidation ranges and enters price discovery once again.