Bitcoin #BTC closed the week with a volatile candle, ending with a red candle around the price of 114k$ and touching the bottom at the 112k$ area.
Last week had quite a few significant events, including the Fed continuing to keep interest rates high and the uncertainty of whether there will be a rate cut in September. Also, Trump officially announced tax levels for countries on August 1st. Additionally, we saw large whales transferring #BTC to exchanges to sell...
Looking back at these events, the price of #BTC closing the week like this is still a very good thing, right, guys?
We will have a strong multi-timeframe support area around 110k$ ; let's see if it can hold this week, guys!
#Bitcoin #BTC #Ethereum #ETH #SUI #SOL #BNB #SEI #APT #BERA #ZRO #ZK #STRK #OP #ARB #EIGEN #PEPE