Bitcoin Nears $120,000 With New All-Time High

Main points:

• Bitcoin signs are new standard signs of weekly closure where the qualifiers punish short pants.

• BTC interest rates include a $ 115,000 support test.

• Hopefully, BTC/USD will copy “Discovery Uptrend” for seven weeks.

Bitcoin (BTC) reached the highest new levels ever on Sunday as BTC fluctuated to weekly closure.

BTC PRICE Spikes to a new record near 19500 dollars

Data from Cointelegraph Markets Pro and Tradingvief Show BTC/USD up to $ 119,444 on Bitstamp.

The couple got the peak of the previous record before two days before crossing the mark of $ 119,000 for the first time, as it filtered the short pants as happened.

Latest data from a monitoring resource Coinglass Put a short BTC qualifier with more than $ 20 million in one hour.

“It will be interesting next week. We have a lot of large liquidity sets higher and less than the current price. We just took out a good handful at a region of $ 119,000.” After x.

Daan Crypto flows from two regions linked to the main liquidation to watch the following: 115,500-116,500 dollars and the area exceeding $ 120,000.

Caution: The references reached 24 hours to 208 million dollars, as 95,000 merchants were destroyed.

The largest individual loss was the BTCUSDT position of $ 1.49 million on BYBIT. pic.twitter.com/0rg6pxkhtp

– Cointelegraph (@cointelgraph) July 13, 2025

“$ BTC has a large resistance level ranging from $ 119,000 and 120 thousand dollars. But then, there is a lot of upward trend,” Trader and investor Niels, founder of Web3 Accessator and Libator Ted Labs, continued.

“If $ BTC can collapse over 120 thousand dollars, the path will be opened about 135 thousand dollars-140 thousand dollars. In the event of rejection, BTC can re-test 114 thousand dollars -115 thousand dollars before reflection.”

Space to achieve 50 % gains?

Others enlarged, with the BitBall trader optimistic firmly on the immediate expectations of the BTC price procedures.

Related to: Bitcoin $ 120k expectations add fuel to ETH, Hype, UNI and SEI

“There is no reason to recover on $ BTC here. The most powerful weekend since November 2024, which has led to a 50 % pump last time,” He said X followers.

BitBull has informed many upscale stimuli that affect Bitcoin, including standard institutional flows, the upcoming American “encryption week” and rumors about the resignation of Federal Reserve Chairman Jerome Powell.

“The first week of Bitcoin’s PRICE Discovery Up -Trend 2 is slowly approaching its end. The second week begins tomorrow,” Add.

“The first prices lasted for 7 weeks.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.