Bitcoin Nears All-Time High

🟡Bitcoin ended the week at $109,240 — marking a new record for weekly closing. A 1.8% gain in the first week of July has reinforced the market’s bullish sentiment and heightened expectations for new all-time highs later this month. The key $108,000 level has now turned into support, which analysts view as a strong signal for the continuation of the uptrend.

🟡However, experts caution about a potential short-term correction down to $105,000, where liquidity is concentrated and the 50-day EMA is located. This move could represent a “false dip,” potentially followed by a renewed upward impulse. Amid a weakening U.S. dollar and ongoing uncertainty around Federal Reserve policy, risk assets — including Bitcoin — continue to attract investor interest.