$BTC 🚀 Bitcoin Tests Key Support at $112,700 – Is This the Dip to Buy?
August 3, 2025 — BTC/USDT is trading at $112,819 (-2.42% today), hovering near critical support after breaking below $115K amid a broader market pullback. Despite the dip, Bitcoin remains +3.65% over 30 days, with institutional demand intact and spot ETF inflows steady.
Why Watch BTC Now?
Technical Setup: RSI at 38 (oversold), with key support at $112,700 (24H low). A rebound above $115,694 (24H high) could target $119,800 (weekly resistance).
Whale Activity: $8.8M+ buy orders stacked near $112,800 signal accumulation.
Catalyst: Fed rate cut odds (72%) and Bitcoin’s historical resilience fuel bullish sentiment.
Trade Plan:
Buy Zone: $112,700–$113,500 (50-day SMA confluence).
Target: $115K → $119.8K (breakout retest).
Stop-Loss: Below $112K to hedge downside.
📌 Volatility Alert: 24H range $112,700–$115,694—watch for liquidity grabs!
Key Stats:
30D Performance: +3.65% | Liquidity: $13.7B 24H volume.
Sentiment: Neutral (6/10 technical indicators).
Data via Binance Live. DYOR—markets move fast!
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