$BTC 📈 BTC/USDT 4H Chart Update – July 12

Bitcoin is currently trading around $117,389, showing a mild decline of 0.15% over the last session.

The 1-hour candles continue to trend above the SMA-8, signalling short-term bullish momentum.

Immediate resistance is forming near $118,500, and a breakout above this level could trigger fresh upside toward $120K.

A key horizontal level sits at $118,100, acting as a pivot zone.

We’re watching for volume confirmation and potential RSI divergence to validate the move.

What’s your outlook for BTC in the next 24 hours?

Buy, sell, or hold?

Let us know your thoughts in the comments 👇