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Bitcoin Price Sets New ATH of Above $113.7k on July 10: Is Crypto Parabolic Rally Next?

  • Bitcoin price sets a new all-time high above $113,700 on Thursday, signaling a potential bullish momentum in the coming days and weeks.
  • Factors contributing to the price surge include institutional support, rising global money supply, and increasing Open Interest in the futures market.
  • The heightened volatility led to over $325 million liquidated from Bitcoin's leveraged positions in the past 24 hours.
  • Technical analysis suggests the altcoin market may be entering a parabolic phase, with Ethereum's price also surging amidst Bitcoin's rally.

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