Bitcoin (BTC) Update — August 8, 2025

Market Snapshot:

Current Price: ~$117,000+ — up ~2% intraday, buoyed by renewed political and regulatory support.

Recent Range: Tested as low as $114,300 and climbed past $117,500 following favorable crypto policies.

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Key Drivers:

U.S. Executive Order: Crypto inclusion in 401(k) plans and the nomination of Stephen Miran to the Federal Reserve Board have revived investor optimism.

Bullish Technical Setup: BTC is forming a bullish flag pattern near $116.8K. A breakout above $117.3K could lead to rally toward $123K–$127K.

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TL;DR Snapshot:

Metric Details

Current Price ~$117K (↑ ~2%)

Support Level ~$114K–$115K

Bullish Trigger Break above ~$117.3K

Upside Targets $123K → $127K

Key Catalyst U.S. crypto-friendly policy updates

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Engagement Prompt:

"Bitcoin is clustering around $117K, and with U.S. policy shifts and bullish technicals in play, the path higher looks clear. Are you entering now or waiting for the breakout confirmation? Share your strategy below!"

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Suggested Hashtags:

#Bitcoin #BTC #CryptoNews #Bullish #CryptoUpdate #BinanceFeed #401kCrypto #TrumpExecutiveOrder #AltcoinSeason