$BTC

Here's a concise analysis of Bitcoin (BTC) for today (August 10, 2025):

⚡ **Price & Technicals**

- **Current Price**: $118,051.68 (+1.25% in 24h), trading between **$116,468–$118,738** .

- **Technical Outlook**: **Bullish** (Strong Buy signal):

- **RSI**: 64.6 (neutral-bullish) .

- **MACD**: Positive (352.3), indicating upward momentum .

- **Key Levels**: Support at $114,500; resistance at $120,000 .

📊 **Market Sentiment**

- **Dominance**: Bitcoin holds 60.18% market share, with corporate holdings surging (60→160 companies) .

- **ETFs/Institutions**: Spot Bitcoin ETFs drive demand ($48B+ inflows since launch) .

- **Regulatory Boost**: Trump's executive order enables crypto in 401(k) retirement plans .

⚠️ **Key Risks**

- **Nasdaq Correlation**: Tight link to tech stocks—any equity downturn could trigger BTC correction .

- **Liquidations**: $452M liquidated in 24h (mostly short positions) .

🔮 **Short-Term Outlook**

- **Targets**: $120,000 this week; $122,724 in 7 days .

- **Catalysts**: Institutional adoption (e.g., MicroStrategy’s $4.2B BTC reserve) and ETF growth .

💎 **Narrative Shift**

Bitcoin is increasingly viewed as a **superior store of value** vs. gold due to fixed supply and inflation resistance .

**Summary**: Bullish momentum continues, but monitor Nasdaq volatility and regulatory developments closely.