Bitcoin Snapshot per 12.07.2025

Dear Traders and Investors,

welcome to a brief update on Bitcoin. In my previous update about the megaphone pattern on May 23, 2025, I pointed out that Bitcoin was indeed at risk of a correction.

As expected, the anticipated pullback (-12.29%) was clearly absorbed well above my volume support zone, as you can see in the chart below.

Since this strong, bullish reversal above 95k USD, another tactical pattern—a bull flag—has emerged. In early July, the trigger line was broken after a tough battle and subsequently confirmed.

Currently, BTCUSD has reached the 100% target derived from this flag. Therefore, I consider the bull flag formally completed.

One further target remains at 124,916 USD. This area is reinforced by additional confluence levels from my „old“ falling wedge (119,134 / 129,976) as well as by an extension level of the larger megaphone pattern (124,389) as shown in the chart below.

Conclusion
At the current price level, structural supports are rather scarce, so we must rely solely on price action and the volume profile.

The chart shows the volume profile since the May top. Volume supports around 104k and 108k are clearly visible. Both levels were tested and firmly defended in early July. For those looking for reliable patterns on smaller timeframes, a neat triangle formed here, which was triggered upwards last Wednesday.

At the moment, there are only a few levels and zones that Bitcoin can lean on. Therefore, pay close attention to volume activity surrounding the two volume gaps. The levels to watch are 115,987 and 115,533 USD, which could play a role over the weekend.

I look forward to your comments and discussion on my analysis. Please always pay attention to your position and risk management.

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Best regards,
Thomas Jansen
Investor-Guard

Disclaimer:
The information provided here is of a general nature and does not constitute legal, tax, or investment advice.

Marked recommendations according to the German (WpHG) are available in the client area and are subject to Investor-Guard compliance.

Below you can see the video tutorial from June 26th. (german version)