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The Bitcoin price jumped 2% in the last 24 hours to trade at $111,267.84 as of 10:38 p.m. EST as investors up their exposure to the crypto.
In the last 24 hours, the BTC price was able to break above $112K to set a new all-time high (ATH). It has since retraced to trade at its current level.
JUST IN: $112,000 Bitcoin — NEW ATH 🔥 pic.twitter.com/b1ExdE2ASE
— Swan (@Swan) July 9, 2025
Bitcoin Price Trading Slightly Below Resistance, Is Another ATH Coming?
Daily chart for BTC/USDT (Source: TradingView)
The BItcoin price is trading slightly below a resistance level at $111,968.95. This barrier is the last obstacle standing in the market leader’s way before it potentially enters into an upside price discovery phase. As such, clearing this resistance might result in yet another ATH in the short-term.
However, failure to close a daily candle above $111,968.95 might prompt impatient traders to cash in their profits. This potential sell pressure could result in a test of the nearest support level at $109,294.83. Continued pressure from bears at this point might then lead to a drop to as low as $104,830.57.
Bulls Still Have A Strong Grip On The Bitcoin Price
From a technical point of view, indicators on the daily chart such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Bitcoin price might keep climbing in the next 24 hours.
Bulls seem to be building momentum, as suggested by the MACD line that is breaking away above the MACD Signal line. If the gap continues to grow between the two technical indicators, it will be easier for buyers to push the Bitcoin price higher, which increases the odds of another ATH being achieved.
Buyers have a slight upper hand over sellers as well, as signaled by the RSI line that is positioned above the Simple Moving Average (SMA) line on the daily chart. What’s more, the current reading in the low 60s indicates that there is still space for the Bitcoin price to rise before it enters overbought territory.
As the Bitcoin price shows signs of a bullish continuation, investors are also buying into the presale for Bitcoin Hyper (HYPER). Popular YouTube channel 99Bitcoins, which has over 723K subscribers, says HYPER is one of the best crypto ICOs to buy now.
Solana Speeds Will Make Their Way To The Bitcoin Ecosystem
Bitcoin Hyper aims to scale the legacy Bitcoin blockchain through layer-2 technology. While the Bitcoin network has proven itself in terms of security and decentralization, it lacks the speeds needed to keep up with more modern blockchains such as Ethereum, Avalanche and Solana.
Through its integration with the Solana Virtual Machine (SVM), Bitcoin Hyper gives users the first solution that combines Solana’s speeds with Bitcoin’s security. It will also help transition the Bitcoin blockchain from a proven decentralized store of value to a more utility-focused chain.
With increased speeds, Bitcoin will finally be able to accommodate computationally expensive decentralized applications and use cases, such as NFTs, DEXs and more, without network fees soaring.
Investors will also be able to seamlessly bridge their assets between the Bitcoin base chain and HYPER layer-2 network through the project’s decentralized and secure Canonical Bridge. The chain is built on top of ZK proofs, ensuring high levels of security and transaction validity.
Bitcoin Hyper Presale Blasts Past $2.2 Million
Bitcoin Hyper is perfectly positioned to capitalize on the renewed interest in Bitcoin. As soon as the project launches, Bitcoin’s slow transaction times and high fees could end up pushing investors to Bitcoin Hyper and its native token as they seek a more cost-effective and quicker alternative.
Investors seem to agree as the project draws investors in with its ongoing presale, which has raised over $2.2 million in early-stage funding so far.
Investors that want to get in at this ground level of the project can acquire HYPER through the simple buy widget embedded on the project’s website. The token is currently selling for $0.0122, and can be purchased with either crypto or bank card.
Once bought, tokens can be staked immediately for an attractive 365% APY. This means investors won’t have to wait for the presale to conclude before seeing their holdings grow.
Investors that want to secure the best presale deal will want to hurry though, because HYPER’s price will increase as the ICO progresses. The next price hike will happen in around 15 hours.
Visit the official Bitcoin Hyper website.
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