Bitcoin failed to break through the 120,000 mark again! Will it fill the gap or continue its upward push? 117,000 is the key!
Bitcoin has surged and then retreated again. This move was driven entirely by Ether. Selling pressure is significant above the 120,000 level, and the overall trend remains a volatile upward trend. Keep an eye on key levels for reactions!
First, there is selling pressure above 120,000, which will require multiple attempts to digest. On the downside, keep an eye on the CME gap near 117,500. The actual chart suggests it's in the 116,800-117,000 range. A further upward surge after a pin-point fill is possible, so keep an eye on it! $BTC
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BTC Analysis: Daily Chart, August 13, 2025
