On July 11, 2025, Bitcoin remains a focal point for investors and market analysts in the cryptocurrency space. The current price of Bitcoin is approximately 117,753, reflecting a slight 0.01% decline over the past 24 hours. This minor volatility comes as the market seeks direction after hitting a new all-time high of around 111,906 on May 22, 2025. Technical analysis indicates Bitcoin is in a short-term consolidation phase. The four-hour chart suggests a potential bullish continuation, though a deeper retracement is also possible. A key resistance level lies between 110,000 and 111,000, which has repeatedly capped upward price movements. On the downside, support levels at 106,000 and 100,000 could serve as potential reversal points. A significant recent event was the movement of 80,000 BTC from dormant wallets linked to an early 2011 miner. Valued at over 8.6 billion, this transfer briefly pushed the price below 108,000. Analysts speculate this could be due to wallet security upgrades or preparation for an off-exchange sale. From a macro perspective, institutional demand for Bitcoin remains robust, particularly with record inflows into exchange-traded funds (ETFs). This reflects growing confidence among large investors. However, geopolitical tensions, such as recent developments in the Middle East, could trigger short-term volatility. For investors, a prudent strategy might involve waiting for a breakout above 111,000 or buying near support levels. Given technical indicators like RSI hovering in overbought territory, caution is advised for short-term trades. In the long term, Bitcoin retains the potential to climb toward 122,000 or higher, especially if institutional inflows persist. Ultimately, Bitcoin is at a critical juncture. A combination of technical analysis, on-chain data, and macroeconomic factors suggests the market is poised for a significant move, though its direction remains uncertain. Traders should closely monitor the market and employ robust risk management.