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MITU NEEL
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Bullish
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📌 BREAKING:
Bitcoin
reaches new all-time high of $124.474
@Binance Square Official
$BTC
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MITU NEEL
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📌Market Landscape_ 🟢• Bitcoin trading at $117,595, stabilizing after reaching ATH of $124,457 on August 13 • Significant correction on August 15 brought price to $119,043, now fluctuating in $117.4K-$117.8K range • Institutional investors driving momentum, contributing 75% of trading volume • Market sentiment nearly split: 50.4% bullish vs 49.6% bearish Key Catalysts • Regulatory developments boosting confidence: SEC authorizing in-kind crypto ETP transactions, Senate legislation expected by September • Layer-2 protocol developments and CeDeFi yield opportunities attracting wider participation • Messari and Sygnum executives projecting increased Bitcoin adoption through year-end • Counterbalance from selling pressure and technical indicators showing mixed signals Trading Outlook • Technical analysis: Bullish MACD but RSI approaching overbought territory (70+) • $117K psychological level serves as critical support; resistance at previous $124K high • Rising trend channel remains intact despite correction • Analyst Leshka.eth identifies August as potential peak window for current cycle • Economies.com projects possible retest of $123,118 level #BullishIPO
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Fibonacci In An Uptrend📊 @Binance Square Official
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Bill Gates Portfolio📊 @Binance Square Official
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Every Morning is a new Beginning. Make the most of it. ✅
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📌• Bitcoin achieved historical ATH of $124,457 on August 14 • Price subsequently corrected 5% to $117,000-$118,000 range • Trading volume surged to $74.87B amid heightened volatility • BTC dominance briefly exceeded 60% before retreating Macro Drivers & Fundamentals • Higher-than-expected US inflation data (3.7% core CPI) triggered the pullback • Fed rate cut expectations shifted, prompting risk-off sentiment • Miners sold over 2,000 BTC in three days, increasing supply pressure • ETF inflows remain strong despite short-term volatility Technical Outlook • Critical support established at $112,000; break below could test $108,000 • MACD signals underlying bullish momentum despite correction • RSI in neutral territory with bearish signals showing 75% accuracy • Long-short ratio at 67-70% indicates leveraged bulls remain confident Strategy Considerations • Watch for stabilization above $115,000 as confirmation of trend continuation • Monitor ETF flow data for institutional sentiment shifts • Consider reduced position sizing given mixed indicators • Analyst projections remain optimistic with $150,000 year-end targets @Binance Square Official $BTC
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