Bitcoin Breaks Records with Sixth Consecutive All-Time High in Two Days

Bitcoin Continues Its Historic Rally, Surpassing $118,600 Mark

Bitcoin has achieved an extraordinary feat in July, setting its sixth consecutive all-time high (ATH) in less than 48 hours. On July 11, the leading cryptocurrency soared above $118,600, marking a significant milestone in its ongoing bull run.

BTC's Performance Driven by Robust Market Momentum

Over the past two days, Bitcoin (BTC) has surged approximately 6.8%, breaking through multiple resistance levels. Following a crucial breakthrough at the $110,000 mark, the world's largest digital asset continued its upward trajectory, reaching $118,668. This surge was largely supported by strong institutional investments and a prevailing "risk-on" sentiment in global financial markets.

Market Factors Fueling Bitcoin's Growth

Several catalysts are contributing to Bitcoin's relentless rally. Experts point to increased capital inflows into spot Bitcoin ETFs, expectations of imminent U.S. Federal Reserve rate cuts, and a favorable regulatory landscape. Technical analysis from firms such as Matrixport aligns with these developments, indicating that BTC could exceed $116,000 and potentially test even higher levels this month.

Analysts Forecast a Test of $120,000 and Beyond

With equity markets reaching new highs and risk appetite rising, Bitcoin's positive momentum shows little sign of slowing down. Analysts suggest that, if current trends persist, BTC may challenge the $120,000 resistance zone before targeting further price levels between $130,000 and $140,000.

This historic rally underscores the growing adoption and enthusiasm within the cryptocurrency sector, solidifying Bitcoin's position as a premier digital asset for institutional and retail investors alike.