Bitcoin Holds Key Support – Analysts Predict New All-Time Highs Ahead
Bitcoin is showing renewed strength as it hovers above a critical support level, with top analysts suggesting a breakout could be imminent.
Michaël van de Poppe, a well-known crypto trader, pointed out that if BTC stays above $116,800, the market could see fresh all-time highs within the week.
As of now, Bitcoin is trading at around $118,100, up 1.25% over the past 24 hours. While weekly gains remain modest, holding this range is viewed by technical analysts as essential for sparking the next leg up.
Van de Poppe’s chart outlines $116.8K as a pivotal level. Below that lies a liquidity zone between $110K–$112K, which he describes as a “brilliant area to accumulate” if prices dip. On the flip side, reclaiming and holding above the $119.5K zone would likely open the door to a new all-time high test.
Crucial Levels in Focus
- $116.8K: Must hold to maintain bullish momentum
- $119.5K: Resistance level to break for a rally to ATH
- $110K–$112K: Accumulation zone if price drops
The sentiment comes as daily trading volume surges past $51.9 billion, indicating renewed investor interest amid growing anticipation for the next bullish impulse.
With BTC’s market cap now at $2.35 trillion and upward pressure building, all eyes are on how Bitcoin performs heading into the final days of July. A successful retest of key resistance could signal that the next major breakout is just around the corner.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
