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BTC Market Technical Analysis – 12 July 2025
📅 Today’s Live Insight on Bitcoin
📊 Market Snapshot
BTC is trading around $117,519, slightly down from today’s high of $118,171. The intraday range of $116,821–$118,171 shows market strength near all‑time highs, followed by a modest pullback.
📈 Trend & Price Action
BTC retested the $118k zone before retreating toward $117.5k support.
Short‑term trend: Bullish, though cooling slightly.
Mid‑term trend: Strong uptrend remains intact.
Long‑term trend: At new historical highs — trend is solidly bullish.
⚙ Technical Indicators
RSI at ~61 signals continued bullish momentum without extremes.
Stochastic is overbought — a mild pullback or consolidation phase is possible.
MACD remains in bullish mode — trend stays supportive overall.
Moving Averages: BTC trades well above its 50‑day ($116k) and 200‑day ($111k) averages.
📐 Chart Pattern & Outlook
BTC appears to be forming a bull flag, consolidating after its recent surge to fresh highs. A breakout above today’s top (~$118,200) could propel price toward $119k–$120k. A dip below $117,500 might open a retrace to $116k or deeper.
🛠️ Trading Strategies
🔹 Bullish Plan
Entry: $117,600–$117,800 on bounce from support
Targets: $119,000 → $120,000+
Stop-Loss: Below $116,800
🔸 Bearish/Caution Plan
Breakdown entry: Below $117,500
Targets: $116,800 → $116,000
Stop: Above $117,800
🎯 Final Thoughts
Bitcoin remains in a strong uptrend, consolidating near new all‑time highs. Holding above $117,500 keeps bulls in control, while a break above $118,200 could fuel a move to $119k–$120k. However, a dip under $117,500 may lead to a pullback toward $116k. Watch these levels, manage risk, and trade with patience. 🚀📉📈
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