Since 2024, the price of Bitcoin (BTC) has been continuously rising. As of July 12, 2025, the price of BTC has reached approximately $117,645.76. Market analysts expect that in the upcoming period, the price of BTC will fluctuate between $117,000 and $120,000.

Technical analysis shows that Bitcoin is currently exhibiting a strong upward trend. The 50-day moving average continues to rise, providing strong support for the price. At the same time, the continuous inflow of Bitcoin ETFs is injecting new momentum into the market, driving the price upward.

In terms of market sentiment, the current Fear and Greed Index stands at 58, indicating a neutral to optimistic state. This suggests that investors hold a cautiously optimistic view on the future trend of Bitcoin.

Analysts point out that if Bitcoin can break through the key resistance level of $118,900, it is very likely to further pump to $125,000. However, if the price falls below the support level of $110,000, it may face correction risks in the short term.

It is worth noting that the upcoming "Cryptocurrency Week" event in the United States may bring positive news for Bitcoin. Additionally, institutional investors' demand for Bitcoin continues to increase, and these factors are expected to drive the price of Bitcoin to continue its pump.

However, investors should remain vigilant about how geopolitical situations and global macroeconomic fluctuations may impact the cryptocurrency market. In the current complex market environment, it is advisable for investors to maintain rationality, closely monitor market trends, and adjust their investment strategies in a timely manner.