#BitcoinSPACDeal
Current Analysis and Forecasts$BTC
Short-term Trend:
• Technical indicators show that Bitcoin has surpassed the $116,000 mark, and there is a positive technical formation (like a bullish flag) indicating the possibility of continuing to rise towards higher levels like $120,000. 
• Another analysis predicts a price range between $110,000 and $120,000 in August, with a potential breakout towards $125,000–$150,000 if support and positive indicators persist. 
• According to Daily Forex, there is strong support above $115,000 in August, with a potential target at $128,000, but there is a possibility of a drop below $110,000. 
Potential Shifts:
• A recent report indicates that Bitcoin is still within a narrow range ($115,000–$118,000), suggesting that a significant move may be imminent, based on the pace of institutional accumulation and decreasing volatility. 
• On the other hand, a well-known investor pointed out the “August Curse” that could lead to a price drop below $90,000, but he confirmed that he would double his investments in that case, reflecting long-term optimism. 
• Meanwhile, the market has faced pressure, as Bitcoin recently dropped below $114,000, with other cryptocurrencies affected by a general contraction. 
