$BTC Breaking Records: ETF Inflows Hit New High 🚀

[tobiluxy]

Bitcoin has powered to fresh all-time highs in mid-2025. After trading around $70K in early April, BTC broke above its prior high of $112K and surged past $118,000 in early July.  As of July 11, 2025, Bitcoin stands roughly 20–26% higher year-to-date (indeed outperforming major stock indices).  In June 2025 it had mostly consolidated in a $100K–110K range, but a bullish burst (amid broad “risk-on” markets) lifted it sharply.  This rally coincided with strong equity markets (e.g. Nasdaq hitting records) and massive ETF inflows.

Recent Price Levels: BTC traded in a relatively tight range ($100K–110K) through May June, then broke out in July. It hit $111,989 on July 9 and climbed to ~$118,661 by July 11, establishing a new high.

Volatility: The advance was rapid over $1 billion of short positions were liquidated in July’s spike.  Notably, weekly and monthly realized volatility had been compressing, suggesting a coiled setup; the breakout into July ended that period of calm.

The chart above plots BTC/USD on a daily basis (TradingView/OANDA). It shows the recent breakout above the long-time resistance (horizontal line at $112K) and the sharp up-move into new highs. (For comparison, Bitcoin is now up roughly 25% since the start of 2025.)

Technical Indicators and Sentiment

Technical indicators are strongly bullish but show overbought conditions.  As of mid July, Bitcoin trades well above all key moving averages (the 50-day MA 106K and 200-day MA 96K).  Momentum readings are overheated: the 14-day RSI is in the mid-70s (overbought), and MACD has crossed bullish.  Bollinger Bands show price riding the upper band, indicating heightened volatility.  In short, technicals confirm a strong uptrend, but caution that a pullback or consolidation is possible given the extreme readings.

On shorter timeframes (2-hour chart), Bitcoin has cleared a new pivot zone around $110–112K and now faces resistance near $115–120K.  (Chart annotations highlight the broken ATH line at $112K.)  The RSI is 77 here, again signaling overbought momentum.  Analysts note that a break above $118K–120K could open the way toward $120K–130K targets, whereas a failure might see BTC retest support near $110K.

Moving Averages: BTC’s current price ($111K) and MA200 ($96K).  This “price above all MAs” is a classic bullish sign.