#Price-Prediction Price predictions 8/4: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, $XLM
Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000.
Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears.
The deep pullback in several altcoins suggests the next leg of the up move may not happen in a hurry.
$114,711
bulls are trying to maintain the price above $115,000, but are facing stiff resistance from the bears. Maelstrom Fund Chief Investment Officer Arthur Hayes said in a comment to a post on X that sluggish credit market and slowed job creation could sink BTC to $100,000 and Ether
$3,680
to $3,000.
US spot BTC exchange-traded funds (ETFs) and ETH ETFs fund flows also showed cautiousness among traders. Bitcoin ETFs recorded net outflows of $812.25 million on Friday, and Ethereum ETFs saw $152.26 million in outflows, ending a 20-day inflow streak per SoSoValue data.
