Bitcoin Update – August 5, 2025 | $BTC
Bulls Hold $114K!
Bitcoin is currently trading around $114,245, showing signs of strength after rebounding from the recent dip to $112K. Despite macro uncertainty, the bulls are holding key levels, and accumulation by institutions like MicroStrategy (21K BTC added) continues to fuel long-term conviction.
📊 Key Levels:
Support: $110,000 – $112,000
Resistance: $115,500 – $116,000
Trend Structure: Power of 3 forming — Accumulation → Manipulation → Breakout?
🔍 What’s Fueling BTC?
📉 Fed Rate-Cut Hopes: Mixed U.S. data hints at a rate pause, driving renewed interest in risk assets.
🐋 Whale Activity: On-chain data shows steady accumulation below $115K.
💼 Institutional Buy-In: MicroStrategy’s $2.46B BTC purchase at ~$117K signals long-term bullish sentiment.
📈 Strategy for Traders:
Intraday traders: Range scalp between $112K–$116K (15m/1H).
Swing traders: Wait for daily close above $116K to target $120K+.
Watch ETF inflows and DXY movement as macro triggers.