๐ Daily BTC Market Update โ July 12, 2025
Bitcoin just made history by hitting a fresh all-time high near $118,600! ๐
Right now, itโs trading around $117,600, backed by strong ETF inflows and a clean technical breakout.
โ Key Levels to Watch:
โข Resistance: $118,600โ$120,000 โ A confirmed breakout here could target the next big zone around $134,000โ$146,000.
โข Support 1: $112,000 โ This is the previous ATH area, likely to act as a strong demand zone.
โข Support 2: $107,000โ$108,000 โ Critical pivot and close to the 50-day MA.
โข Major demand zone: $100,000โ$103,000 โ Large on-chain buys and institutional interest.
๐ Technical Snapshot:
โข Cup-and-handle breakout triggered a short squeeze and big momentum push.
โข 4H MACD: Bullish momentum still building.
โข Daily RSI: Not extremely overbought โ leaves room for continuation.
โข ETF inflows: Over $1.1 billion this week, showing strong institutional appetite.
๐ง My Personal Take:
Momentum looks solid, and if BTC can close above $120k, the next stop could be $134k+ in the coming days or weeks.
But if it slips below $112k, watch out for possible consolidation back toward $108k or even $103k.
๐ฌ What do you think?
Will BTC break and hold above $120k and aim for $134k+, or do you expect a pullback first?
Drop your thoughts and trading plan below! ๐
