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Bitcoin is ‘coiled like a spring’ with upside to $170k after new all-time high
Bitcoin (BTC) surged past $112,000 on Wednesday, July 9, setting a new all-time high amid surging institutional interest and safe-haven demand. At the time of publication, BTC was trading at $111,190, up 1.91% on the day with $62.3 billion in 24-hour volume. The breakout triggered over $200 million in short liquidations and marked a key technical milestone. According to technical analyst Rich Ross from Evercore, Bitcoin is “coiled like a spring,” with potential upside targets ranging from $140,000 to $170,000. Bullish momentum was sparked in part by geopolitical events, particularly U.S. President Donald ... (full story)
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