Bitcoin: Lightning Strikes Twice (Technical Analysis) (Cryptocurrency:BTC-USD)

Summary

• Bitcoin has reached a new all-time high, touching $119K as of July 11th, 2025. Congrats, Bitcoin!
• This milestone highlights Bitcoin's continued strength alongside the broader stock market rally. However, stocks were flat while BTC rallied 8% this week.
• I break down the 1 year and 1 month charts for BTC, including trends, support and resistance levels, and momentum and strength indicators.
• There are bearish signals in one chart and bullish signals in the other, confirming a pattern I am seeing form across high-beta and risk-on assets. I consider it very bullish.
• Consider not only if and at what price one should enter the trade, but also how — we have many tools available to use now in how to hold BTC. I discuss several options (including options).

Analyst’s Disclosure:I/we have a beneficial long position in the shares of IBIT, MAXI, BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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