$BTC ๐๐ธ๐ค๐""Strong Momentum ""
๐จ๐The current price of Bitcoin is $118,834.11. According to technical analysis, the Relative Strength Index (RSI) shows a value of 53.83, indicating neutral momentum in the market.
*Short-Term Forecast:*
- *August 11, 2025:* Bitcoin's price is expected to reach $119,374, representing a growth of 0.81% compared to the current price.
- *September 2025:* The price is expected to decrease to $117,073, representing a decline of 0.95% compared to the current price.
*Technical Analysis:*
- *50-Day Moving Average:* $113,404
- *200-Day Moving Average:* $92,564
- *Fear & Greed Index:* 69 (Greed), indicating strong buying momentum in the market.
*Analysts' Forecasts:*
- Analysts expect Bitcoin's price to reach $308,078 in July 2029, representing a potential return of 160.16%.
- They also expect the price to reach $297,433 in August 2030, representing a potential return of 151.17%
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