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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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2️⃣ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
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📌 Bitcoin Update – July 13, 2025
Current Price: ~$117,812
Day Range: $117,041 – $118,146
📈 What’s Driving It?
New all-time highs: Bitcoin recently surged past $118,000 – fueled by a major short squeeze ($1.18B in one day, with $51B YTD) .
ETF momentum: Spot Bitcoin ETFs continue to attract record inflows, making IBIT the fastest ETF ever to reach $80B in AUM .
Macro & policy tailwinds: A weakening U.S. dollar, crypto-friendly administration, and regulatory boosts (GENIUS Act, potential strategic Bitcoin reserve) are fueling positive sentiment .
🎯 Technical View
Support: $117K–$118K zone confirmed
Resistance ahead: $120K–$128K—breaking through could spark next leg higher
On-chain & sentiment: Healthy accumulation by long-term holders and strong trading volumes indicate sustained bullish bias
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✅ Quick Strategy Tips
1. Entry zone: $117K–118K – consider adding position if price holds.
2. Next target: $120K+, potentially reaching $128K.
3. Stop-loss: Set below $114K.
4. Risk factors: Watch for profit-taking and ETF outflows in high-volume zones .
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🔍 Summary
Bitcoin remains ultra-bullish—ETF inflows, short-squeeze momentum, macro support, and policy catalysts have driven it to new record highs. Technical and on-chain signals favor further upside, with an eye on the $120K–$128K zone. Still, exercise caution in high-volume zones to protect gains. #BTC Hits New High#