📊 Post: Current BTC Market Status Today – Is There More Room for Growth?
🗓️ Date: [August 7, 2025]
💰 BTC Price: Ranging between $112,000 – $115,000
📈 Weekly Trend: Sideways with bullish momentum indicators
🔍 Current Analysis:
Bitcoin is showing a persistent trend in the consolidation zone, with major players (whales) increasing their holdings.
We see strong support around $112K and short-term resistance around $116K.
🧠 Does BTC Have Room for More Growth?
✅ Yes, if:
The price breaks the resistance of $116K with high volume
BTC dominance continues to increase (BTC.D > 52%)
There will be no negative news from the government or major institutions
⚠️ No, if:
There is a significant rejection above $116K
Funds will flee to altcoins (rotation)
🔧 Key Indicators Today:
RSI: Around 58 – there’s room for upward movement
MACD: Indicates beginning of upward cross
Volume: Average but picks up during European hours
📌 My Opinion:
BTC is at a stage of gathering strength before determining a major direction.
If you are doing spot trading, you can:
Buy gradually (DCA) at $112K – $113K
Place a stop loss below $110K
Short-term target: $120K – $125K
🤔 Question for Followers:
Do you think BTC will break $116K and head towards $120K soon?
Comment below 👇 and let me know your thoughts!
