Here’s the latest snapshot on Bitcoin (BTC) as of July 13, 2025:
📈 Price & Performance
• Trading at approximately $117,769 — up slightly today, staying near its recent record levels.
• Hit intraday highs of around $118,171, intraday lows near $117,041.
🚀 Recent Rally & Catalysts
• BTC breached its previous all-time highs (around $111K) and recently surged past $118K. Analysts suggest this could continue, with targets ranging from $134K to $163K  .
• The rally has triggered a massive short squeeze, liquidating over $1B+ in short positions .
• Institutional backing is heavy — inflows into spot Bitcoin ETFs totaled $1.18B in a single day, with about $51B year-to-date, and $4.5B in July alone .
• Regulatory clarity—especially the U.S. GENIUS Act and a pro-crypto stance in the U.S. government—along with a weakening dollar, are also propping up the rally .
📊 Technical Signals & Forecasts
• Chart patterns like the “cup-and-handle” formation and MACD momentum support more upside potential .
• Bull flag technical setups signal mid-term upside — one forecast hints at a push toward $163K .
• Popular prediction models anticipate a July average between $118K – $142K  with possible swings up to $160–$165K in the medium term.
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🧭 Bottom Line
Bitcoin is riding a powerful wave right now:
1. Strong momentum from breaking key resistance levels.
2. Substantial institutional flows via ETFs.
3. Supportive macro/regulatory backdrop.
4. Bullish technical patterns and analyst forecasts looking toward $130K–$160K+.
While many see room to run, bear in mind that BTC remains highly volatile—sharp retracements are still possible.