August 12, 2025 Today's Bitcoin Market Analysis

Bitcoin reported around 119,500 this morning, with a peak yesterday reaching 122,370, but started to pull back in the early morning, dipping to around 118,000, and is now rebounding to fluctuate around 119,000

Short-term pullback risk: After yesterday's peak, there was a sharp drop to 118,000 in the early morning today, indicating significant selling pressure above 122,000 USD. From a technical perspective, if it cannot break through 122,200, a pullback to the support zone of 116,000–117,500 may occur #比特币 $BTC