Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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<p>Last updated: </p>
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<time datetime="2025-07-09T22:25:10+00:00">July 9, 2025</time>
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<div class="featured-frame"><img width="1200" height="673" src="https://cimg.co/wp-content/uploads/2025/07/10042547/stock-image_optimized-13.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin All Time High" decoding="async" /></div>
<p>Bitcoin (BTC) has achieved a significant milestone, reaching a new record high of $111,999. This surpasses its previous high point established on May 22, 2025.</p><p>This accomplishment is viewed by numerous analysts as the commencement of a fresh bullish phase for the cryptocurrency market. This surge is being propelled by increasing interest from major financial institutions and a renewed wave of demand from individual investors.</p><p>Reports from <a href="https://coinshares.com/uk/" target="_blank">CoinShares</a> indicate that institutional investment in digital assets has been steadily climbing in recent weeks.</p><p>On July 8th, US Spot Bitcoin ETFs saw daily net inflows of $80.08 million, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank">SoSoValue</a>. The total cumulative net inflows have reached $49.94 billion, with total net assets of $136.75 billion, representing approximately 6.33% of the total Bitcoin market capitalization.</p><figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf67TUUrSJ98E7PzszEIeximAiqGM7ihmfKoyVGhprISNrn-tbJSw_LfNqXQzfLkwA8zOvDpTbHPtx1aF1_lQFgFKzsdzkRHxzXv5Yd2MJ1too_eYqEdEb_XGCmHxLlE-j9yKjS-g?key=lLxpi8chOjf5U2kENSvR1Q" alt=""/></figure><p>Source: SoSoValue</p><p>Simultaneously, the US dollar has experienced considerable weakness, with the Dollar Index declining by 10.1% since the start of the year. This represents its most significant drop since 1973.</p><p>President Trump's suggestion of a substantial 300 basis point reduction in interest rates – a move three times larger than any previous cut – has exerted further downward pressure on the dollar. This has simultaneously incentivized institutional investors to allocate capital to Bitcoin as a protective measure.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">First, President Trump mentions that higher rates are costing the US more money on interest expense.
At a high level, this is true.
Annual interest expense on US debt has reached $1.2 TRILLION over the last 12 months.
The US is now paying $3.3 BILLION in interest per day. pic.twitter.com/22N9M2PdFX
— The Kobeissi Letter (@KobeissiLetter) July 9, 2025
The weakened dollar has created favorable conditions for assets perceived as riskier, with speculative short positions on the US dollar held by asset managers reaching their lowest point since mid-2021.
The dollar index is trading 6.5 points below its 200-day moving average. This is the widest gap observed in 21 years, creating strong positive momentum for Bitcoin and other alternative investment options.
Dollar’s Decline Sets Stage for Bitcoin Surge
According to a detailed analysis by The Kobeissi Letter (see full report), President Trump’s proposed interest rate cut of 300 basis points would unleash an unprecedented expansion of the money supply. This could potentially save $870 billion per year in debt servicing costs but would also likely cause significant disruptions in financial markets.
Such an aggressive intervention in a growing economy, which is currently expanding at an annual rate of 3.8%, would likely push inflation above 5% and further devalue the dollar by an additional 10% from its current levels.
Historical data suggests caution regarding such aggressive monetary policy, as the Federal Reserve has never implemented rate cuts exceeding 75 basis points except during periods of economic recession.
The emergency cut of 100 basis points in March 2020, implemented during the COVID-19 economic downturn, represents the previous record. It’s important to note this occurred during economic contraction, not expansion.
Source: The Kobeissi Letter
The Kobeissi Letter’s analysis predicts a sharp increase in asset prices as a result of potential rate cuts. They foresee the S&P 500 climbing above 7,000, oil prices reaching $80 or more per barrel, and gold potentially exceeding $5,000 per ounce.
Despite a decrease in mortgage rates from 7% to 4%, home prices could still increase by an additional 25% as rising prices would likely offset any gains in affordability.
The dollar’s depreciation has already triggered a substantial movement of capital into alternative assets. Gold, for example, has gained 40% in value over the past 12 months and 80% over the last five years.
Bitcoin’s correlation with the weakening dollar positions it favorably to benefit from ongoing monetary easing and currency devaluation.
Adding to the positive momentum, between yesterday and today, Japanese energy consulting firm Remixpoint secured $215 million specifically to purchase Bitcoin. Furthermore, Nasdaq-listed Murano Global announced $500 million in equity agreements aimed at acquiring BTC.
This corporate treasury trend is gaining traction as companies seek to protect themselves from currency devaluation and find reliable hedges against inflation.
Technical Analysis Suggests Significant Bitcoin Breakout
Bitcoin’s 4-hour chart demonstrates a clear breakout above $111,586. It successfully surpassed several resistance levels at $108,532, $109,745, and $110,773 before reaching new peak values.
Source: @CryptoGodJohn on X
This decisive move above the previous all-time high range, around $109,000 – $110,000, transforms these former resistance points into potential support levels.
From a technical standpoint, the price action is now in uncharted territory above $111,000. The next significant resistance appears around $111,930, based on common psychological price points.
The critical support level to watch is $100,375. Holding above this level is essential to maintain the bullish momentum; falling below it could signal a false breakout.
Further analysis of the weekly chart reveals a large inverse head and shoulders pattern, with a neckline breakout suggesting potential targets around $132,500.
Source: @cryptoWZRD_ on X
This pattern implies institutional accumulation over a period of consolidation, with higher lows in the right shoulder suggesting increased buying pressure and momentum divergence.
Perpetual futures charts confirm a breakout above $112,000, which supports the bullish trend with equal lows support at $107,249.
The daily fair value gap at $104,000 and the demand zone at $102,000 represent key areas for potential retests. However, the strength of the breakout suggests continued upward momentum is likely.
The clear breakout above $112,000, coupled with the establishment of a new all-time high, positions Bitcoin for a sustained advance in a bull market.
Initial targets include $120,000, followed by the inverse head and shoulders projection towards the $131,000-$134,000 range. Any pullbacks to the $109,000-$110,000 levels could be viewed as buying opportunities.
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