
Daan Crypto Trades|Aug 12, 2025 19:11
BTC Ranging between its all time high and previous local high.
Support held nicely on the initial test. There's some bullish momentum since that bounce but nothing too exciting yet.
It's key for the bulls to maintain that 112K support area in the short to mid term.
New all time highs should put the spotlight back on BTC a bit and might also make it outperform again as it moves higher into price discovery. Depends on the pace of the move I think. If it's slow and steady, alts could keep outperforming. But if we get some bigger candles, it's likely BTC siphons away some liquidity & bid from alts again.(Daan Crypto Trades)
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