PUNKO – PNK

Bitcoin (BTC) Performance Summary: July 10th, 2025

Overview: On July 10th, 2025, Bitcoin (BTC) experienced a significant surge, reaching a new all-time high (ATH) in both intraday and closing price. The price action indicated strong bullish momentum, driven by renewed buying interest and positive market sentiment, with technical indicators largely confirming the upward trend.

Key Metrics & Technical Indicators (Based on available data for July 10th, 2025):

• Price Action:
  • High: Approximately $113,853.97 USD. This marked a new all-time intraday high.
  • Low: Approximately $108,034.34 USD.
  • Closing Price: Around $113,416.55 USD. This set a new all-time closing high for Bitcoin, representing a 1.50% to 4.06% gain on the day.
• Market Capitalization:
  • Market Cap: Approximately $2.28 trillion USD (derived from a price of $115,882.51 and an approximate circulating supply of 19.67 million BTC). The overall crypto market capitalization also saw a significant increase of 4.39% to $3.566 trillion, with Bitcoin leading the charge.
• Moving Averages (Approximated values based on surrounding data for July 2025):
  • EMA 200 (Exponential Moving Average 200): While a precise value for BTC’s EMA 200 on July 10th, 2025, was not explicitly found, reports indicated that Bitcoin was trading well above both its 50-period and 200-period EMAs on multiple timeframes, with an expanding gap between them, suggesting strong trend conditions and dynamic support during pullbacks.
  • EMA 50 (Exponential Moving Average 50): Bitcoin was noted to be trading well above its 50-period EMA, indicating strong bullish momentum.
  • SMA 200 (Simple Moving Average 200): Some reports indicated that Bitcoin was still consolidating below its 200-day SMA, suggesting that while the price was hitting new highs, the long-term simple moving average had yet to fully reflect this upward momentum. However, other reports highlighted Bitcoin smashing its $112K high, implying a break above significant resistance levels.
  • SMA 50 (Simple Moving Average 50): The 25-hour and 50-hour SMAs were holding firm, suggesting a potential breakout brewing. The daily close above $113,000 was expected to accelerate the price towards $150,000.
• RSI (Relative Strength Index):
  • 24-hour RSI: Approximately 73.631. The RSI was well into the «Buy» territory and nearing overbought conditions, indicating strong buying pressure and a clear shift towards bullish sentiment. The RSI line remained above 50, reflecting clear buyer dominance.
• MACD (Moving Average Convergence Divergence):
  • MACD Status: Approximately 0.008. The MACD had crossed into bullish territory, with the histogram flipping positive and indicating a «Buy» signal. This crossover suggested growing momentum. Hourly MACD also showed renewed expansion, hinting at a breakout.

Brief Fundamental Analysis

On July 10th, 2025, Bitcoin’s fundamental landscape was overwhelmingly positive, driven by a confluence of factors that propelled it to new all-time highs. A key driver was the «overwhelming ETF demand and institutional adoption,» which continued to push Bitcoin into price discovery mode. This sustained institutional interest was evident in reports of Bitcoin’s price hitting new ATHs amid «Trump Rate Cut Calls,» suggesting that macroeconomic expectations were also playing a role.

News also highlighted that «Bitcoin surged past Gold with unstoppable momentum,» indicating a shift in investor preference towards digital assets as a store of value. The fact that Bitcoin’s price reached new highs while a stablecoin liquidity metric pointed to fresh capital entering BTC further reinforced the narrative of strong inflows. The overall market sentiment was bullish, with analysts predicting further acceleration if the daily close above $113,000 was secured, potentially leading to a rally towards $150,000. This combination of robust institutional demand, favorable macroeconomic outlooks, and strong technical breakouts underscored a powerful fundamental case for Bitcoin’s continued upward trajectory.