$BTC 🚀 Bitcoin Defends $114K Support Amid Market Turbulence – Key Levels to Watch!
August 6, 2025 — BTC/USDT is trading at $114,129.42 (-0.32% today), testing critical support at $113,395.68 (24H low) after a 3.81% weekly drop from its ATH of $123,218. Despite the pullback, Bitcoin’s $10.7B 24H volume and 4.53% monthly gain highlight institutional resilience.
Why BTC Now?
Technical Setup: RSI at neutral (54), with a breakout above $114,390.72 (24H high) potentially targeting $119,800 (weekly resistance).
Whale Activity: $8.8M+ buy orders stacked near $114K signal accumulation.
Catalyst: 87.4% Fed rate cut odds (CME data) and Bitcoin’s 111.38% yearly surge fuel bullish sentiment.
Trade Plan:
Buy Zone: $113K–$114K (50-day SMA confluence).
Target: $115.7K → $119.8K (breakout retest).
Stop-Loss: Below $112.6K (weekly low).
📌 Volatility Alert: Watch for liquidity grabs near $114K!
Key Stats:
30D Performance: +4.53% | Liquidity Score: Top 1%.
Sentiment: Neutral (6/10 indicators) but strong buy on weekly charts.
DYOR—markets move fast!
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