Bitcoin Smashes a New Record: BTC Surpasses $113,000

A Historic Rally Driven by Institutional Flows and Monetary Signals

Bitcoin continues to redefine all-time highs. On Thursday, July 10, BTC broke through the historic threshold of $113,800, setting a new record just hours after surpassing $112,000 the previous day. The market is reacting enthusiastically to a mix of macroeconomic drivers, technical momentum, and powerful institutional moves.

Key Figures of the Day

Current Price: $113,644 (+2.35% over 24h)
Intraday High: $113,805
Intraday Low: $110,761
Total Market Cap: Over $2.2 trillion
24h Trading Volume: $78 billion

Why Is the Market Surging?

U.S. Interest Rates and Monetary Policy The Federal Reserve has hinted at a more accommodative monetary policy for the second half of 2025. This dovish stance is pushing investors toward alternative assets like Bitcoin, which is increasingly viewed as a store of value amid a weakening dollar.
Institutional Investment Surge Inflows into Bitcoin Spot ETFs continue to set records, led by heavyweights like BlackRock, Fidelity, and ARK Invest. Their massive exposure boosts BTC’s credibility and attracts pension funds, family offices, and private banks.
Shrinking Available Supply According to Glassnode, BTC reserves on exchanges have dropped to their lowest level since 2017. This reduction in liquid supply creates increased upward pressure as demand rises.

Analyst Commentary

“It’s a self-fulfilling dynamic. The higher BTC goes, the more institutions enter, and the tighter the supply becomes,” explains Thomas Bensalem, crypto analyst at CoinMetrix France.

“Markets are also pricing in next week’s legislative debates in the U.S. If regulatory signals are positive, we could see a breakout above $120,000 by the end of July,” adds Leïla Ghribi, strategist at Blockchain Capital.

What to Watch

U.S. negotiations on stablecoin and exchange regulation, starting July 14.
Potential profit-taking after the steep rise. The Relative Strength Index (RSI) is in overbought territory.
Movements in the U.S. tech sector, to which Bitcoin remains highly correlated.

Bitcoin at $113,800: Full Analysis of a Historic Surge

By Salouma R., Markets & Crypto Analyst – Special Edition, La Tribune Crypto Updated: July 10, 2025, 10:10 PM (GMT+1)

1. General Market Context

Bitcoin is soaring in an increasingly favorable macroeconomic environment for alternative assets. With inflation under control, falling interest rates, and massive inflows into Bitcoin Spot ETFs, bullish catalysts are multiplying.

The U.S. Dollar Index (DXY) is down 1.3% this week, making cryptocurrencies more attractive to global investors.

2. Technical Analysis BTC/USDT (1D)

🔹 Overall Structure

Trend: Strong bullish, confirmed
Ascending Channel: Intact since late May 2025
Key Supports: $109,500 – $106,000 – $101,800
Upcoming Resistances: $115,000 – $118,400 – $120,000

🔹 Indicators

RSI (14d): 78 → Overbought zone, but no bearish divergence → momentum intact
MACD: Bullish crossover confirmed since July 4
50-Day Moving Average: Steep upward slope, currently at $97,400
Volume: Consistently rising, indicating genuine (not purely speculative) interest

🔹 Key Levels to Watch

Zone	Nature	Likely Scenario
$113,800 – $115,000	Immediate resistance zone	Consolidation or temporary rejection
$109,500	First dynamic support	Ideal for bullish re-entry
$120,000	Fibonacci 1.618 extension	Short/medium-term technical target

🏦 3. Fundamental Analysis

🔹 Declining Supply

HODL ratio (BTC unmoved for 1 year) exceeds 68%, indicating strong long-term investor conviction.
Exchanges now hold less than 5.8% of total supply—a historic low.

🔹 Institutionalization

U.S. Bitcoin ETFs have amassed over $10.3 billion in net inflows since April 2025.
Sovereign wealth funds from the Middle East (Qatar, UAE) have officially added BTC to their digital asset portfolios.

🔹 Regulatory Outlook

“Crypto Regulation Week” kicks off July 14 in the U.S. Congress. The market anticipates:
- Clarification of stablecoin statuses (USDC, USDT).
- Possible recognition of BTC as a “digital commodity”—which would enhance its appeal to banks.

Bitcoin is entering a new phase of maturity, where institutional adoption, programmed scarcity, and macroeconomics work in its favor. For long-term investors, this new peak may just be a stepping stone toward even higher levels. For traders, vigilance is key amid persistent volatility.