BTC Eyes $120K Amid Retirement Bullishness | August 8, 2025 Crypto Outlook”
Bitcoin (BTC) is holding strong above $116K, buoyed by a surge of investor confidence after the U.S. executive order allowing Bitcoin in 401(k) accounts—lifting BTC to over $117.3K .
Market sentiment is bullish, with bulls targeting the $120K level. A breakout there could extend gains, while a dip below $116K may signal a retest of support around $114.5K .
Key Levels:
Support: $116K, then $114.5K
Resistance: $120K
Bias: Bullish short-term—especially if institutional inflows continue.
Quick Take: Watch for a push toward $120K, but stay alert for pullbacks if optimism cools.
Question for You: Will BTC break above $120K this week, or stall and test the $114–$115K zone first?