Here is a comprehensive analysis for July 12, 2025, on Bitcoin (BTC) performance:
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📌 Performance summary today
The current price is around $117,927, with a slight decline of about ‑0.05% since the previous close, while it recorded a daily high of $118,668 and a low of $116,821.
Bitcoin recently surpassed its previous high price of $111,000‑$112,000, reaching a new historical peak this week at $118,000 – $119,000.
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🚀 Drivers of the rise
1. Huge inflows from BTC ETF funds: On Thursday alone, there were approximately $1.18 billion in inflows from spot bitcoin funds, reflecting strong institutional interest.
2. Short squeeze: Over $1 billion in short positions were liquidated within 24 hours due to a sharp price increase.
3. Positive crypto regulatory support: The pro-crypto policies from the Trump administration, including the establishment of the strategic Bitcoin reserve and Congress's approval of the Genius Act to enhance the regulation of the cryptocurrency market.
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📈 Technical analysis and forecasts
The technical Cup-and-Handle pattern indicates a continuation of upward momentum, with expectations of an additional rise of approximately 14% towards ≈ $134,500.
The MACD indicator shows clear momentum strength supporting the continuation of the upward trend.
The new support is manifested at the level of ≈ $108,300, which was previous resistance and has now turned into support.
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🧭 Suggested strategy
Timeframe Potential scenario Suggested entry points Stop loss Expected target
Short-term Slight pullback then rise $116,800 – $117,500 $116,000 $120,000 – $122,000
Medium-term Continued gains and achieving target Above $118,500 – $119,000 Correct below $116,800 Towards $130,000 – $135,000
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⚠️ Risks to watch
The surge in Bitcoin trading creates a highly liquid trading zone, meaning there are chances of a correction if the price fails to break through the resistance at ≈ $120,000 – $128,500.
Despite regulatory optimism, there are still political and economic fluctuations that could quickly affect market sentiment, especially with the escalation of dialogue about trade tariffs and global economic tensions.
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🔍 Short to mid-year outlook
Analysts like Gerry O'Shea from Hashdex expect Bitcoin to exceed $140,000 if institutional liquidity and a positive legislative climate continue.
The Power-Law Ranger model suggests a potential sub-rise towards $200,000–$300,000 by the end of December, based on previous cycles.
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✅ Summary
BTC shows strong bullish performance after breaking previous peaks, supported by institutional inflows, technical momentum, and new regulatory support.
Critical resistance level: $120,000 – $128,500
Strong support level: ≈ $108,300
Expected targets in the short to medium term: $120,000 – $135,000 and possibly higher depending on the continuation of momentum and regulatory developments.
