Bitcoin has achieved a new all-time high (ATH) by breaking through two significant price resistance barriers. Currently trading above $112,000, it signals a potential bullish continuation. Key factors driving this momentum include strong institutional adoption, with Bitcoin ETFs attracting over $50 billion in cumulative flows. This institutional interest underpins the market during pullbacks, signaling Bitcoin's transition from a speculative asset to a serious investment option. Despite favorable conditions, Bitcoin displays signs of being overbought in the short term, with the Relative Strength Index (RSI) suggesting a possible correction. Meanwhile, technical indicators show strong upward momentum, with a confirmed breakout from a descending bearish channel. Analysts identify immediate support at around $110,197, with projected resistance at $115,000. Overall, positive macroeconomic signs, including record highs in major stock indexes, support continued bullish sentiment for Bitcoin. Traders are increasingly optimistic, with predictions of Bitcoin remaining above $100,000 throughout July becoming more likely as additional market factors, including upcoming policy reports, could further influence its trajectory.

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