$BTC 🚀 Bitcoin Holds Strong at $118K Amid Market Turbulence – Key Levels to Watch!
August 12, 2025 — BTC/USDT is trading at $118,887.38 (-0.52% today), testing critical support after a volatile week that saw highs of $119,282.24. Despite the dip, Bitcoin’s $71B+ 24H volume and 1.32% monthly gain highlight its resilience amid institutional accumulation.
Why BTC Now?
Technical Setup: RSI at neutral (54), with key support at $118,050.11 (24H low). A break above $119,282.24 could target $120K (psychological barrier).
Institutional Demand: $178M USDT net outflows from Binance signal potential whale repositioning, but ETF inflows remain robust.
Macro Catalyst: Fed rate cut odds (87.4%) and Bitcoin’s 101.8% yearly surge fuel long-term bullish sentiment.
Trade Plan:
Buy Zone: $118K–$118.5K (50-day SMA confluence).
Target: $120K → $123K (ATH retest).
Stop-Loss: Below $117K (weekly support).
📌 Volatility Alert: Watch for liquidity squeezes near $119K!
Key Stats:
30D Performance: +1.32% | Liquidity: Top 1% globally.
Sentiment: Neutral (technical indicators) but buy on weekly charts.
DYOR—macro risks linger!
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