Bitcoin Price Today Breaks All-Time High as Stock Market Soars – What’s Coming Next?

The post Bitcoin Price Today Breaks All-Time High as Stock Market Soars – What’s Coming Next? appeared first on Coinpedia Fintech News Bitcoin has just smashed a new all-time high of $118,397.8, rising 6.5% in the last 24 hours, following the S&P 500’s record-setting rally. According to popular crypto analyst Kevin Svenson , this correlation signals the start of a potential parabolic rally for Bitcoin. S&P 500 Reaches Historic High of 6,333 Earlier this month, the S&P 500 index started at 6,187.28 and steadily climbed by 1.51%, eventually reaching a new record high of 6,333 points. Svenson highlights that Bitcoin often mirrors such movements in traditional markets. The recent S&P breakout could be the catalyst fueling Bitcoin’s ongoing surge . Bitcoin Price Breakout: $118K and Climbing Bitcoin began the month around $105,678.62, mostly trading between $105K–$109K until July 8, when strong buying pressure kicked in. Since then, Bitcoin has soared by 8.99%, reaching its latest peak of $118,397.8. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Liquidations Top $1 Billion as Bitcoin Hits New All-Time High , Kevin Svenson Predicts a Parabolic BTC Rally Svenson believes the current breakout is only the beginning. He predicts: Immediate target: $120,500 Short pullback likely after this level Long-term target: Between $140K and $150K in the coming months What’s Next for Bitcoin? With the S&P 500 and Bitcoin hitting record highs, all eyes are on crypto’s next move. 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As of July 11, 2025, the overall crypto market is showing strong positive momentum, with Bitcoin hovering around its new all-time highs. Major altcoins like Ethereum, XRP, and Solana are also seeing significant gains, indicating a broad bullish trend. Will Bitcoin price reach new highs? Yes, Bitcoin has already reached new all-time highs in July 2025, surging past $112,000 and even hitting $116,000. Analysts suggest continued upside potential, with some even forecasting $150,000 or more in the coming months if current momentum holds. How are altcoins performing during Bitcoin’s rally? Following Bitcoin’s strong moves, altcoins are also “waking up.” Ethereum crossed $2,900 (up 14% this week), XRP surged to $2.57 (up 13%), and Solana rose to $164 (up 8%). This indicates a typical liquidity rotation.

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