Today, July 12, 2025, Bitcoin hit $118,000. This new record excited the market. Growth comes from funds buying via ETFs. But what triggered it? Experts cite U.S. plans for a Bitcoin reserve. This boosted market confidence.

Wave of Liquidations and Retail Enthusiasm

Over $550 million in short positions liquidated in 24 hours. Traders betting against Bitcoin buy back. This fuels the price rise. Moreover, retail investors join in. They seek quick profits. Consequently, demand increases. Analysts predict $130,000 by August.

Risks and Technical Signals

Yet, volatility remains high. Some expect a correction soon. At the same time, RSI nears overbought levels. This hints at overheating. Volume-price divergence raises concerns. If Bitcoin drops below $115,000, it may fall to $108,000. Thus, caution is key. Stay updated on Crypto-News.top!