Bitcoin Obliterates Records: 6th All-Time High in Just 48 Hours

Bitcoin isn't just breaking records—it's vaporizing them. The crypto king notched its sixth ATH in under two days, leaving traditional finance clutching its pearls (and spreadsheets).

No brakes on this bull train

Market watchers barely had time to update their charts before BTC punched through another ceiling. This isn't growth—it's financial velocity.

Wall Street's worst nightmare

While hedge funds debate P/E ratios, Bitcoin's writing new rules. The 24/7 market doesn't wait for opening bells or analyst upgrades. Just ask the shorts who got liquidated.

One cynical footnote: At this rate, even goldbugs might need to diversify into something more stable—like meme coins.

The ongoing rally is on point with Matrixport analysis which predicted that BTC WOULD hit as high as $116k and beyond. Following the historic pattern that showed July would bring strong gains for BTC.

“If historical seasonality holds, bitcoin could be poised for another move higher — potentially reaching $116,000 in the coming weeks,” said the on-chain analysis firm in its report.

The ongoing rally is mostly fueled by expectations of Fed rate cuts, increased inflows into spot BTC ETFs, and broader regulatory tailwinds, with analysts projecting BTC may test $120,000 before month-end.

n addition, the market environment, which is buoyed by equity highs and “risk-on” flows, paired with technical breakouts, has amplified the move. Although this also sets the stage for BTC testing the $120,000 resistance zone before potentially extending toward the $130,000 to $140,000 range.