In a remarkable surge, Bitcoin has broken through yet another all-time high, climbing past $113,000 and prompting traders to reassess their pricing strategies.
As of the latest market updates, Bitcoin is trading at approximately $113,400.
This explosive increase follows a statement from former President Trump on Truth Social, where he noted that cryptocurrencies are experiencing significant growth, igniting a wave of buying across the digital asset landscape.
Trump’s post drew attention to the record performances of tech stocks, industrial shares, and the NASDAQ, while also emphasizing the impressive gains made by Bitcoin and other cryptocurrencies.
In his comments, Trump mentioned that NVIDIA’s stock has surged by 47% since the imposition of his tariffs, while advocating for the Federal Reserve to swiftly lower interest rates in light of the economy’s robust performance.
The timing of Trump’s endorsement for cryptocurrencies has created an environment ripe for Bitcoin’s escalation.
His assertion that “USA SHOULD BE AT THE ‘TOP OF THE LIST’” combined with a declaration of “NO INFLATION” is being interpreted by institutional investors as a strong indication for sustained monetary support and further appreciation of risk assets.
Technical analysts are now turning their sights towards the $120,000 mark, viewing it as the next significant psychological benchmark. Some analysts predict that this target could be achieved within the next 24 hours, given the current momentum.
The rapid trajectory of this rally resembles previous Bitcoin supercycles, where swift progress toward significant price points has often occurred during accelerated phases of price discovery.
Traders on Polymarket are adjusting their forecasts accordingly, implying that Bitcoin could reach the six-figure milestone of $120,000 sooner than previously expected.
BREAKING: Bitcoin now projected to surpass $120,000 this month.
— Polymarket (@Polymarket) July 10, 2025
Market observers are vigilant, searching for signs of a potential pullback at these elevated levels.
Nonetheless, the combination of presidential backing and unprecedented performance in traditional markets continues to bolster bullish sentiment throughout the cryptocurrency ecosystem.
The article titled “Bitcoin Price Prediction as BTC Surges Past Record Levels – $120,000 by Tomorrow?” originally appeared on Finance Newso.
