Bitcoin hits $113k all-time-high but analyst predicts $200k originally appeared on TheStreet.
Bitcoin hit a new all-time high (ATH) of $113,833.84 on July 10, as of writing. It's the first time that the cryptocurrency's price has surpassed the $113,000 mark in its short history of 16 years.
The daily MACD has just turned positive. Last week, the blue line moved above the signal line, and the green bars (histogram) are rising, indicating that momentum is growing. If it continues above the +1,400 region, it will lead to strong price rallies.
With a new high in Bitcoin, the previous high was at $111,970 and is now the support level. If that level is breached, the next critical level to watch is $109,000. As long as the MACD continues to rise, a pullback to these levels would simply be a correction, not the end of the rally.
Bitcoin’s 1-hour MACD surges into overbought territory as momentum spikes sharply ahead of July 11 session. There has yet to be an explosion of profit-taking in the aftermath of Bitcoin's recent all-time high, according to data from CryptoQuant, as selling pressure for the biggest cryptocurrencies by market capitalization remains at historical lows.
The daily exchange inflow of Bitcoin has collapsed to 18,000 BTC, the lowest in five years, and the largest since the last bull run, which occurred on the very day before the December 2017 rally.
Big holders in particular are biding their time: the amount of BTC being sent to exchanges in batches of 100+ coins has fallen from 62,000 BTC in late November 2024 to 7,000 BTC now.
At press time, Ethereum is trading at $2,816.91, up nearly 6%, while XRP and Solana are trading at $2.49 and $161.06, respectively.
Interestingly, Bitwise analyst Ryan Rasmussen predicted the asset could go as high as $200,000 in 2025.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial or investment advice. Always do your own research.
Bitcoin hits $113k all-time-high but analyst predicts $200k first appeared on TheStreet on Jul 10, 2025
This story was originally reported by TheStreet on Jul 10, 2025, where it first appeared.
