Bitcoin Hits New High as Ethereum Climbs Toward Key Resistance

Bitcoin’s price surged to a new all-time high of $112,438, as reported by BlockBeats News on July 11, 2025. Simultaneously, Ethereum approached the critical resistance level of $2,800, heightening speculation around its potential breakout.

A continued “greedy” market sentiment as indicated by the Crypto Fear and Greed Index at 71, suggests sustained investor confidence and increased trading volumes across major cryptocurrencies.

Bitcoin Surpasses $112,000 Amid Bullish Market Sentiment

Bitcoin achieved a historic price increase, surpassing $112,000, reflecting increased market strength and trading activity. This ascent follows a consistent upward trend, aligning with overall bullish market enthusiasm noted in the Crypto Fear and Greed Index.

Ethereum’s position near the $2,800 threshold suggests potential for a substantial rally. Trader Eugene expressed optimism, citing a ‘significantly increased probability’ for Ethereum to break through this critical resistance. Traders seem poised for substantial movements.

“As long as this time Bitcoin does not fake break out and then crash (which currently seems unlikely, but cannot be completely ruled out), Ethereum is likely to break through the key resistance zone of $2800… I believe the probability of Ethereum breaking through this resistance zone has significantly increased today…” — Trader Eugene

Bitcoin and Ethereum: Price Trends and Market Outlook

Did you know? Past breakouts increasing the Crypto Fear and Greed Index often predict local tops or ensuing corrections, indicating a potential pivotal moment for market trends.

Bitcoin’s value continues an upward trajectory, trading at $116,584.23 as of July 11, per CoinMarketCap. It represents a 4.93% rise over 24 hours, with a total market cap of approximately 2.32 trillion dollars. Bitcoin’s market dominance maintains at 63.83%, indicating continued investor interest.

Experts from the Coincu research team analyze potential implications, highlighting increased institutional interest and technology developments. If Bitcoin sustains its upward path, the market could see further capital inflows. Ongoing developments in blockchain technology and decentralized finance might also fuel additional market expansions.