Bitcoin Hits Record High Amid Cautious Market Sentiment – In-Depth Analysis – 2025-07-13

Market Analysis

Certainly! Here is a polished, professional English version of the provided Urdu introduction and analysis on the Bitcoin crypto market, rewritten naturally and fluently:

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**Introduction**

Bitcoin has once again demonstrated renewed momentum in the market by surpassing its previous all-time high. This surge to new heights has been significantly influenced by recent news developments, trading activity, and shifts in investor sentiment—all of which will be explored in detail in today’s analysis.

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**Market Analysis**

Over the past five days, Bitcoin’s price has experienced a notable upward trajectory, signaling a strong buying trend in the market. Between July 8 and July 12, the price climbed from approximately 108,262 to around 117,420. This rally was accompanied by substantial increases in both trading volume and transaction counts. Particularly on July 10 and 11, volume accelerated sharply, reinforcing a bullish market outlook.

The Relative Strength Index (RSI) rose from 58 to nearly 82, approaching the overbought threshold, reflecting intensifying buying pressure. Similarly, the Money Flow Index (MFI) increased from 59 to 74, indicating robust liquidity inflows.

Analysis of Bollinger Bands shows that Bitcoin’s price touched and extended beyond the upper band, underscoring heightened volatility and a strong bullish momentum. However, a dip in volume on July 12 suggests caution, as reduced trading activity could undermine price stability.

Key support zones can be identified between 105,681 and 104,872, with a secondary range spanning 101,509 to 99,950. Additionally, the psychological support level at 110,000 remains a significant floor. On the resistance front, the range between 117,527 and 118,869, along with the psychological barrier at 120,000, present the main hurdles. Should the price break above 118,869, the 120,000 target level may soon be within reach.

Turning to moving averages, the Hull Moving Average (HMA) specifically merits attention. It rose from 117,822 on July 11 to 119,666 on July 12, although the price closed slightly below this level. This movement suggests a strong uptrend, albeit somewhat tempered by the observed decrease in volume and trade counts on July 12.

The Fear and Greed Index climbed sharply from 65 to 79, signaling heightened greed among investors and hinting at the possibility of short-term profit-taking. Furthermore, increases in both funding rates and open interest confirm sustained bullish sentiment in the market. Nevertheless, investors should remain vigilant, as sudden market shifts remain a possibility.

From a broader perspective, factors such as BlackRock’s significant investment in Bitcoin, the cryptocurrency’s low volatility, and ongoing uncertainty in U.S. monetary policy have collectively contributed to market stability and bullishness. That said, potential Federal Reserve rate cuts and stricter cryptocurrency regulations by the U.S. government are key risks that could impact prices going forward.

In summary, Bitcoin has showcased considerable strength, but investors are advised to proceed with caution in the short term. Closely monitoring support and resistance levels will be crucial to navigating any abrupt market changes.

Data Summary

• 1. Time:
  2025-07-13 – 00:00 UTC
• 2. Prices:
  Open: 117527.66000000
  High: 118200.00000000
  Low: 116900.05000000
  Close: 117420.00000000
• 3. Last 5 days’ closing prices:
  2025-07-08: 108922.98000000
  2025-07-09: 111233.99000000
  2025-07-10: 116010.00000000
  2025-07-11: 117527.66000000
  2025-07-12: 117420.00000000
• 4. Volume:
  BTC: 8446.6044
  USD: $993093353.4069
• 5. Number of trades:
  1441851
• 6. Indicators:
  RSI: 82.8900
  MFI: 74.9500
  BB Upper: 116572.27000000
  BB Lower: 101084.45000000
  MACD: 2522.24000000
  Signal: 1491.60000000
  Histogram: 1030.63000000
• 7. Moving Averages:
  SMA:
  7=112654.49000000
  14=110313.05000000
  21=108828.36000000
  30=107626.00000000
  50=107187.60000000
  100=100580.02000000
  200=96904.80000000

  EMA:

  7=113739.57000000
  14=111317.61000000
  21=109994.96000000
  30=108862.38000000
  50=106811.41000000
  100=102595.44000000
  200=96246.48000000

  HMA:

  7=119666.98000000
  14=115531.10000000
  21=113802.90000000
  30=112325.62000000
  50=109801.35000000
  100=109735.62000000
  200=109912.64000000
• 8. Supports:
  S1: 105681.14000000 – 104872.50000000
  S2: 101509 – 99950.8
• 9. Resistances:
  R1: 117527.66000000 – 118869.98000000
• 10. Psychological Support:
  110000.00000000
• 11. Psychological Resistance:
  120000.00000000
• 12. Funding Rate:
  0.01%
• 13. Open Interest:
  87802.0170
• 14. Fear & Greed Index:
  79 (Extreme Greed)

Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.