🚀 Bitcoin (BTC) Technical Analysis – August 10, 2025 🚀
📈 Current Price: $118,460.53
🎯 Target Price: $123,000 – $127,000
🛑 Stop Loss: $116,000
🔍 Technical Analysis:
Bitcoin has gained strong support above the $116,000 level.
Trading above the EMA(7) and EMA(25), indicating a bullish trend.
RSI(6) stands at 56.89, showing neutral to slightly bullish momentum.
📊 Trade Plan:
Entry: Buy above $117,630 with volume confirmation.
Take Profit 1 (TP1): $119,491 (+2.3%)
Take Profit 2 (TP2): $123,218 (+5.5%)
Stop Loss (SL): $116,000
💡 Market News:
U.S. President Donald Trump has approved Bitcoin investments within 401(k) retirement plans, boosting market sentiment.
Bitcoin price surged to $118,000, with analysts eyeing the $120,000 level as the next key resistance.
⚠️ Note: Cryptocurrency markets are volatile. Always use stop loss and conduct your own research before trading.
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