🚀 Bitcoin Eyes $118K — The Trigger for the Next Bull Run 💥💎
Bitcoin is heating up again! 🔥 In the past week, BTC has reclaimed the crucial $115,000 level, and on Friday, August 8, it briefly touched $117,000 — fueled by bullish news out of the United States.
📢 The Big Catalyst?
On Thursday, August 7, U.S. President Donald Trump signed an executive order allowing Americans to invest in cryptocurrencies directly through their 401(k) retirement plans. This policy shift sent shockwaves through the market, boosting investor confidence and pushing BTC closer to its all-time highs.
📊 Analyst Insights
Crypto analyst Titan of Crypto believes Bitcoin could soon retest its record peak near $122,800. But first, there’s one big hurdle: the Kijun-sen (Base Line) from the Ichimoku Cloud indicator — sitting at around $118,000. This is a key zone where markets often find support or resistance.
✅ Current Momentum
BTC has surged back above the Tenkan-sen (red line), signaling early bullish momentum.
The Chikou Span (lagging indicator) remains positive, confirming the uptrend bias.
If BTC breaks and holds above $118K, the path toward $123K+ could open quickly — potentially marking the start of the next mega bull run. 📈
GUYS… we might be witnessing the beginning of Bitcoin’s next big chapter. ⚡
