🧭 Market Update & Technical Conditions
Bitcoin is hovering around $113,900, trading within a tight range from ~$113,000 to $115,000 over the past 24 hours—reflecting near-neutral but cautious sentiment
Bitcoin News
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Cointelegraph
+14
The Economic Times
+14
Investopedia
+9
Coin Edition
+9
Cryptonews
+9
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Key support levels are around $112,800 and $111,950, tied to Fibonacci pivot zones and Supertrend indicators. Resistance clusters are in the $115,200–116,400 range on the upside
Coin Edition
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📈 Price Outlook: Forecasts & Scenarios
Some analysts foresee Bitcoin reaching $135K–$140K by year-end, with an immediate retracement to ~$110K in September before the final upward push as explained by Elliott Wave analysis
CoinDesk
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Forecast models differ:
CoinCodex projects a potential high near $133K by late August, while
Wallet Investor suggests $129K as a peak target. Other estimates are more conservative (DigitalCoinPrice suggesting modest gains)
coinmarketcap.com
+15
investx.fr
+15
CoinDesk
+15
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Today’s technicals remain cautiously constructive: landing above ~$112.8K could open the door to $115K+, and potentially beyond if breakout succeeds
Coin Edition
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⚠️ Risks & Catalysts to Watch
Macro & Regulation
Broad market sentiment is sensitive to U.S. interest rate signals, with rate cut hopes in September underpinning investor optimism
Barron's
+2
kiplinger.com
+2
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Regulatory shifts—like the SEC guidance on liquid staking and ETF inflows/outflows—are influencing crypto flows and sentiment
TradingView
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On-Chain & Institutional Behavior
ETF and institutional capital continue to support BTC. Analysts note increased accumulation amid outflows from specific fiat markets, like the U.S.
investx.fr
Brave New Coin
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Notable events include high-profile holdings in the U.S. Strategic Bitcoin Reserve and major institutional investors like MicroStrategy continuing to add BTC to their treasuries
Wikipedia
+1
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🚀 Summary: Bullish But Cautious
Scenario Outlook Summary
Bullish #BTC
