$BTC

#REVABinanceTGE #BTCOvertakesAmazon Bitcoin (BTC) for today, August 13, 2025:

⚡ **Key Highlights**

1. **Price Action**:

- Trading at **$119,044–$120,574**, facing strong resistance near **$120,000–$123,000** .

- A potential *double-top pattern* has formed, signaling short-term caution but **no major correction confirmed** yet .

2. **Technical Signals**:

- **Bullish Momentum**: Holding above key moving averages (MA50/100/200), with a "Strong Buy" technical rating .

- **Support Levels**: Critical zones at **$118,000** (short-term) and **$111,795** (stronger pullback) .

- **RSI at 60.5**: Neutral-to-bullish, no overbought pressure .

3. **Market Context**:

- **Ethereum Strength**: ETH breaking $4,000 may lift overall crypto sentiment .

- **Macro Boost**: U.S. inflation data hints at September rate cuts (>90% probability), supporting risk assets .

- **Institutional Interest**: Bullish exchange IPO priced **above expectations** at $37/share, signaling confidence .

💎 **Outlook**:

- **Base Case**: Bullish, targeting **$125,625–$130,000** if resistance breaks .

- **Risks**: Close below **$115,405** could trigger a drop toward **$105,605** .

💡 In short: BTC consolidates near highs amid bullish fundamentals. Watch $120K resistance for breakout signals.