Bitcoin Analysis ($BTC ) โ Today August 8
๐ฐ Current Price: $116,000
๐ Overall Trend: Strong bullish with continued momentum
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๐ Important Technical Levels:
Next Resistance: $119,500
Nearest Support: $112,800
๐ Technical Indicators:
RSI in the positive zone at 68 โ nearing overbought territory
Moving averages (50 and 200 days) support the continuation of the upward trend
Volume is increasing โ renewed interest from investors
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๐ Technical Outlook: Sustained stability above $115K may push the price towards $120K
However, a break below $112.8K could indicate a potential correction towards $109K
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๐ฌ What are your predictions? Will we see a new ATH this month?
Share your opinion ๐
#BitcoinSPACDeal #bitcoin #Write2Earn #BinanceSquare #BTCUnbound
