$BTC
Here's a concise analysis of Bitcoin (BTC) today (August 10, 2025):
1. **📈 Price Action**: Trading **near $118,700** (+1.35%), hitting a **10-day high of $118,500** after breaking key resistance. Currently ~4% below its $123K all-time high .
2. **⚔️ Technicals**:
- **Golden cross forming** on 4-hour chart, signaling potential push to $119K–$120K if it holds above $117.5K .
- Strong bullish trend across timeframes (short-term score: 78/100; long-term: 86/100) .
3. **🚀 Catalysts**:
- Rising trading volume (+9% vs. market average) .
- Breaking $118,077 resistance confirms upward momentum .
4. **⚠️ Risks**:
- Overvalued Nasdaq correlation could trigger sell-offs .
- RSI nears overbought territory, risking short-term pullbacks .
**Outlook**: **Bullish short-term**, targeting $120K if golden cross validates. Nasdaq dependency remains a key vulnerability .