{"id":59216,"date":"2025-08-11T13:10:11","date_gmt":"2025-08-11T13:10:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/59216\/"},"modified":"2025-08-11T13:10:11","modified_gmt":"2025-08-11T13:10:11","slug":"bitcoin-closes-in-on-record-high-amid-risk-on-sentiment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/59216\/","title":{"rendered":"Bitcoin closes in on record high amid risk-on sentiment."},"content":{"rendered":"<p>\u200b\u200b\u200bBitcoin nears record high<br \/>\n\u200bBitcoin bullish scenario:<\/p>\n<p>\u200bOn Monday 11 August,\u00a0<a href=\"https:\/\/www.ig.com\/uk\/forex\/markets-forex\/bitcoin-cashbitcoin\" class=\"insight-link\" rel=\"nofollow noopener\" target=\"_blank\">Bitcoin<\/a> revisited its 161.8% Fibonacci extension of the 2019-to-2021 advance, projected higher from the 2022 low, at\u202f$122,056.92.<\/p>\n<p>\u200bIt briefly overcame this technical level and reached $122,318.66 before slipping back below the Fibonacci extension level.<\/p>\n<p>\u200bA rise above the $122,318.66\u202fhigh would likely push the mid-July $123,181.77 record high back to the fore. If overcome, the next higher\u202f161.8% Fibonacci extension at $143,519.00 might also be reached medium-term.<\/p>\n<p>\u200bMinor support below the 17 July high at $121,012.09 can be spotted at the 15 July low at $120,271.13. Further down lies the 28 July high at\u202f$119,836.23 which may also act as potential support.<\/p>\n<p>\u200bBitcoin bearish scenario:\u00a0<\/p>\n<p>\u200bIn case of a bearish reversal and fall through Monday&#8217;s $119,028.78 intraday low taking place, the 7-to-9 August highs at $117,921.57-to-$117,701.33 are likely to be revisited but may act as support. If not, the 22 July low at $116,195.25 may be reached as well.<\/p>\n<p>Bitcoin charts<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bBitcoin nears record high \u200bBitcoin bullish scenario: \u200bOn Monday 11 August,\u00a0Bitcoin revisited its 161.8% Fibonacci extension of the&hellip;\n","protected":false},"author":2,"featured_media":59217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":["post-59216","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/59216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=59216"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/59216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/59217"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=59216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=59216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=59216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}