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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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BTC Market Analysis – August 12, 2025
1. Price Movement & Market Conditions
BTC is trading near the $119,000 zone, with an intraday range between $118,355 – $122,242.
The price briefly broke through the $122,000 threshold, approaching the all-time high (ATH) of around $123,000–123,100.
2. Positive Sentiment from US Government Policies
President Trump's executive order allows crypto investments in 401(k) retirement plans, triggering a large influx of funds amounting to nearly $265 million into Bitcoin products.
Trump Media also filed for a Bitcoin ETF which adds positive sentiment.
3. Technical Analysis
According to CryptoPotato, BTC is currently in a bullish structure, with strong support and is testing the $123K level.
Daily Forex ( via DailyForex) highlights that the $120,000–121,000 level is an important psychological resistance; if surpassed on a daily basis, the opportunity to reach $130,000 is wide open. Meanwhile, positions below $114,000 could test support at $110,000.
The indicators show a mixed signal—Daily and Weekly: Strong Buy, but the overall Summary: Neutral, with several indicators like RSI, MACD, and Stochastic showing overbought warnings or a decline in momentum.
4. Daily Outlook Summary
Factor Description
Macro/Regulatory Sentiment Strong, driven by pro-crypto policies in the US and proposed ETFs
Technical Short-term bullish, but watch out for resistance around $122K–123K
Main Resistance Around $122K–123K
Important support Level $114K–120K