๐ฏ๐๐๐ผ๐พ ๐ฒ๐๐บ๐๐๐๐๐ & ๐ณ๐พ๐ผ๐๐๐๐ผ๐บ๐ ๐ด๐๐ฝ๐บ๐๐พ
Bitcoin is currently trading around $114,760โ$115,300, recovering from recent lows under $114K and up nearly 0.7% on the day.
A critical support zone around $112Kโ$114K was recently tested and is holdingโfor now.
Resistance looms around $117K, extending toward $120K nextโa level that has stalled prior rebounds.
Some technical analysts warn that failure to hold support could open a downside path toward $100K.
๐ฌ๐บ๐๐๐พ๐ ๐ฃ๐๐๐๐พ๐๐ & ๐ญ๐พ๐๐ ๐ง๐๐๐๐ ๐๐๐๐๐
Macroeconomic & Regulatory Landscape
Rate cut hopes are fueling crypto recovery, as weaker US jobs data strengthens speculation about Fed easing in September.
Institutional demand surges, notably bolstered by inflows into BlackRockโs Bitcoin ETF, which helped push $BTC above $115K.
Retail de-leveraging underway: Futures open interest dropped ~$3.8โฏB in early August as traders trim leveraged BTC positions.
๐ฎ๐โ๐ผ๐๐บ๐๐ & ๐ฒ๐พ๐๐๐๐๐พ๐๐ ๐ฅ๐บ๐ผ๐๐๐๐
Some longโdormant Satoshiโera wallets moved ~250โฏBTC for the first time in 15 yearsโseen as a bearish supply cue.
Onโchain analysts flag potential nearโterm selling from shortโterm holders based on accumulation patterns.
Yet overall demand remains robustโnew investors reportedly added ~140KโฏBTC in July.
๐จ๐๐๐๐๐๐๐๐๐๐๐บ๐ ๐ ๐ผ๐๐๐๐๐๐: ๐ฒ๐๐๐บ๐๐พ๐๐ (๐ฟ๐๐๐๐พ๐๐ ๐ ๐ฌ๐๐ผ๐๐๐ฒ๐๐๐บ๐๐พ๐๐)
Between July 28 and August 3, Strategy acquired 21,021โฏBTC (~$2.46โฏbillion), averaging $117,256 per coin. Their total holdings now exceed 628,791โฏBTC, valued at over $72.5โฏbillionโmaking them the worldโs largest corporate Bitcoin investor.
Michael Saylor reaffirmed BTC as a treasury asset and outlined a disciplined funding plan tied to Strategyโs equity value ratio.
๐ฌ๐บ๐๐๐พ๐ ๐ฎ๐๐๐ ๐๐๐: ๐๐พ๐บ๐โ๐๐พ๐๐ & ๐๐๐๐๐ผ๐๐๐๐บ๐
Bullish Case (potential triggers)
1. Holding support at ~$114K could pave the way for a rally toward $117Kโ$120K, especially if ETF inflows continue.
2. Favorable Fed policy signals (rate cuts) may increase appetite for crypto risk assets.
3. Major buyers like Strategy continue accumulating on dipsโsupporting structural demand.
Bearish Risks
1. Breakdown below $112K could open a slide into the $100K zone.
2. Volume-based deโleveraging continues, raising liquidity risks in volatile conditions.
3. Onโchain signals: Satoshiโera coins awakening and shortโterm seller behavior suggest caution.
๐ฒ๐พ๐๐๐๐๐พ๐๐ & ๐ณ๐๐๐๐๐๐ ๐ซ๐พ๐บ๐ฝ๐พ๐๐๐๐๐
Bitcoin volatility has declined, reaching its lowest levels since midโ2023โindicative of subdued trading activity.
Robert Kiyosaki commented that he would double down on BTC if it falls below $90K, citing historical โAugust Curseโ trends. Even so, his stance remains broadly bullish.
Michael Saylor likened Bitcoin to electricityโa transformative โvirus of freedomโ powering a new financial paradigm.
