BTC Key Battle: 115k holds strong to push towards 118.8k, new highs in sight!
Bitcoin has broken through the horizontal pressure zone, with highs approaching the 118k range, but has not made further upward breakthroughs. Currently, it has also dropped back to around 116500. Is this going to fall back into the previous pressure zone that has now turned into a support zone?
Next, we will focus on the original pressure level near 115k for its short-term trend, whether it can turn into a strong support level. If it can, and if we initiate another upward movement, then there is a real hope for a new high this time! The short-term pressure above is around 118800; breaking through this will accelerate the rise! $BTC
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BTC Analysis: August 8, 2025 Daily Chart
