🔍 Today's Snapshot
Bitcoin is trading in a narrow range around $114,900–$115,300, rebounding from a weekend dip near $112,000 and showing renewed investor interest on the back of shifting macro sentiment . The modest intraday gain reflects cautious optimism, though trading volumes remain moderate.
💡 Macro Drivers & Catalysts
Federal Reserve held interest rates steady at 4.25–4.50%, fostering speculation about a potential rate cut in September .
Bullish's $4.2 billion IPO is injecting fresh interest into the crypto space and boosting institutional sentiment .
MicroStrategy’s recent Bitcoin purchase—21,021 BTC at ~$117,256 average—has lifted market sentiment and reinforced BTC’s position as a reserve asset .
🔎 Technical Outlook
BTC recently bounced off a strong support zone around $112K–$113K, with upbeat volume near $109K–$111K, indicating possible accumulation .
Among analysts, Cointelegraph flags a “Power of 3” accumulation pattern, targeting $126K if BTC clears resistance around $115K–$116.8K, then eyes $120K as a magnet .
Conversely, CoinDesk notes on the daily and weekly charts a weakening momentum and potential risk of a deeper retrace toward $100K if bullish momentum fades .
📈 Forecasts & Speculation
Ledn CIO John Glover's Elliott Wave analysis suggests BTC could climb to $135K–$140K later this year, followed by a pause or correction in 2026 .
Forecast services such as CoinCodex and Changelly offer targets from $120K to $133K, even pushing beyond $140K in bullish scenarios $BTC