In recent months, there has been a decorrelation between Bitcoin and Altcoins. The capitalization of Bitcoin managed to exceed the summits recorded at the start of the year, but the Altcoins do not follow. Bitcoin experienced a lateralization period for several weeks, but the net break of $ 110,000 has made it possible to revive a new wave of increase. Will the first capitalization of cryptocurrencies succeed in flying around $ 150,000, or even beyond $ 160,000? If institutional demand is also important, Bitcoin could continue to progress. Here is the July 12 bulletin!
ETF Bitcoin in cash: +$ 1.2 billion in entries on July 10
On July 10, the price of Bitcoin marked a increase of more than 4 %and he managed to clearly break the psychological round figure of 110 000 $. In parallel, the ETPs in cash have captured no less than$ 1.2 billion. ETFs have also recorded the highest entries over a day since November 7. These are the second highest entrances since the launch :
Entrances and outputs on the Bitcoin ETF in cash. Source: Coringlass since April, the request is very high On the ETF side in Bitcoin cash. Just in July, there was almost $ 2.5 billion incoming flows. Note also that there was onlyOnly one negative day since June 9. If the Institutional actors retain their interest in the king of cryptocurrencies, the course could climb up. On the other hand, a shortness of breath demand could have negative consequences On the course of Bitcoin.
A cup and handle figure for a bitcoin at more than $ 160,000?
Bitcoin's course has Very badly started the year because of customs tariffs of Trump. Indeed, in the space of only a few months, the course is spent from $ 100,000 to $ 80,000. But from the lowest market recorded around 75 000 $the course displays a impressive increase of around 60 %. And Bitcoin may not stop there:
Figure in cup and handle on Bitcoin. Source: X of Davthewave In 2025, the development of the Bitcoin course made it possible to form a «cup and handle»a well -known chartist figure among technical analysts. However, with the Net break of $ 110,000the king of cryptocurrencies activates a theoretical objective at more than $ 160,000. This is a powerful signal For Bitcoin, but of course, thetheoretical objective is not always achieved.
The BTC course is based on $ 104,000 and flies away beyond $ 112,000
Bitcoin course spent several weeks at hesitate around $ 104,000. Between May and July, the course has side below $ 110,000. But the king of cryptos finally managed to Break $ 110,000based on the area of Support at $ 104,000 and on Mobiles 9 and 18 bruises :
Bitcoin course against the dollar (3D)-Register for trading view using our affiliation link. As long as the course keeps the Support at $ 104,000 and Mobiles 9 and 18 bruiseshe has the opportunity to progress. The BTC is in good conditions for climb upbut a fall under the support and below the mobile averages could be negative. Indeed, this downside could return the course Under $ 100,000. In parallel, the RSI evolves at the level of the downward trendline. A break in the trendline would allow to have a momentum clairement bullish in this unit of time. Bitcoin leaves its lateralization period by frankly breaking the $ 110,000. Also, the course validated a «cup and handle», which could send the king of cryptocurrencies over the $ 160,000. For its part, Ethereum finds the psychological figure of $ 3,000.