Bitcoin reached new records on July 12, 2025, exceeding the level of $118,000, marking a new all-time high (ATH). The increase of over 6% in the last 24 hours is due to strong institutional demand, record inflows into ETF funds ($1.17 billion on July 10), and optimism ahead of "Crypto Week" in the U.S. Congress, which will start on July 14 and could bring greater regulatory clarity. Analysts point to the breakthrough of key resistance levels ($110,000–$113,000) and forecast further increases, even up to $128,000–$132,000 by the end of July, if the momentum is maintained. The increase in trading volume and the liquidation of short positions ($591 million) confirm the bullish sentiment. Bitcoin has gained 25% this year, outperforming the S&P 500 index. $BTC