Bitcoin $112k: The king just made history or is this just the beginning?

Fellow traders, today (July 9, 2025) is a day to remember! Bitcoin just touched $112,152 - a new historical milestone and the first time I've witnessed the "king" break highs so powerfully. But is this the final peak? Or just a pit stop before a longer journey?

When smart money speaks through numbers

ETF flows: $1.2 billion in July alone

These numbers don't lie. Just in July, Bitcoin ETFs attracted $1.2 billion USD. BlackRock alone holds $65 billion in Bitcoin - a figure larger than many countries' GDP.Experience from previous cycles: When institutional money flows in at this pace, it's not short-term speculation but long-term conviction. They're not buying to sell after a few weeks.

143 publicly listed companies "hodling" Bitcoin

860,000 BTC (worth ~$95 billion USD) sits in public company treasuries. This is a trend I predicted long ago: Bitcoin is no longer "alternative investment" but becoming "treasury asset".MicroStrategy leads, Tesla follows, and now 143 other companies join. This is network effect - the more adoption, the more reason to adopt.

Technical analysis: Breakout or bull trap?

What price action is telling us

From the Price Action perspective that Al Brooks and Bob Volman taught me:Bullish signals:

• Very strong volume breakout - not a fake breakout
• $340 million in short positions liquidated within hours
• No strong selling pressure at previous high $111,999

Pattern recognition: This is a continuation pattern after accumulation phase from May-June. Strong hands have accumulated enough, now it's time to "take off".

New support and resistance levels

New support levels:

• $110,000 - strong psychological level
• $108,500 - previous resistance becomes support
• $105,000 - major support if correction occurs

Next resistance targets:

• $115,000 - psychological barrier
• $120,000 - next major round number
• $125,000 - fibonacci extension level

Macro environment: When policy becomes crypto-friendly

Trump and national Bitcoin reserve strategy

Real game changer: When a superpower like the US officially considers Bitcoin as strategic reserve asset, that's the biggest paradigm shift ever.Domino effect: If the US does it, other countries will have to follow. Fear of missing out exists not just at retail but at government level.

Regulatory clarity finally arrives

Stablecoin and crypto regulatory framework pushed by US Congress in second half of year. Regulatory uncertainty - the biggest excuse for Bitcoin FUD - is gradually disappearing.

Broader market: Crypto market cap $3.47 trillion

Bitcoin season or crypto season?

Total crypto market cap approaching late 2024 highs. But I notice something interesting: Bitcoin dominance remains high, proving money flow still prioritizes "safety first".Crypto stocks surge:

• Coinbase, MicroStrategy both rally with Bitcoin
• Mining stocks like Marathon, Riot also benefit
• This signals broader crypto adoption

Market psychology: Fear, greed, and reality

Retail still cautious, institutions aggressive

Interesting paradox: After June volatility, retail investors remain cautious. But institutions are being more aggressive than ever.Trading experience: When retail is fearful but institutions greedy, that's usually best buying opportunity. But now with high prices, strategy needs adjustment.