Bitcoin (BTC) Price Analysis for July 12
2025-07-12 15:46:17
Main Idea
The article provides a Bitcoin (BTC) price analysis for July 12, noting a slight decline in BTC's rate and discussing market trends, including Ethereum's performance and Bitcoin ETFs.
Key Points
1. Bitcoin (BTC) has declined by 0.24% since yesterday, with its price in the middle of the local channel on the hourly chart.
2. Most of the top 10 coins have returned to the red zone, indicating a bearish trend.
3. Bitcoin is trading at $117,503 at press time, with Bitcoin ETFs' market cap exceeding $150 billion.
4. Ethereum (ETH) shows no midterm reversal signals, with potential for a new all-time high next week.
5. The article mentions other crypto-related news, including a novel Bitcoin mining offering and Ethereum L2 developments.
Description
Can growth of Bitcoin (BTC) continue in next days?