#TradingStrategyMistakes Key Price Levels (as of July 12, 2025)

Level Significance

~$117,480 Current market price

Support ~113K Strong institutional support level after recent rally

Resistance 118–120K Fresh breakout zone after hitting new highs between $118K–$118.7K

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📈 Market Context

All-time highs reached around $118.6K–118.9K yesterday, driven by robust institutional flows and ETF momentum .

Technical outlook: Analysts identify a cup‑and‑handle breakout, projecting potential continuation toward $134K (≈ +14%) .

Macro drivers: Strong correlation with risk-on stock markets, favorable crypto policies, and growing on-chain activity .