#MarketGreedRising
Bitcoin breaks the $124,000 level: Market analysis
Market situation • Bitcoin reached $124,128 on August 14, 2025, pushing its market value to $2.457 trillion—temporarily surpassing the value of Google • A trading range was established between $123,339 - $124,210 with the RSI indicator above 70, indicating overbought conditions • The total market capitalization of the cryptocurrency market reached a record level of $4.2 trillion, demonstrating broad market strength beyond Bitcoin alone
Key catalysts • Shift in the U.S. regulatory environment: Crypto-friendly policies include integrating it into retirement accounts • Macroeconomic factors: Expectations for the Federal Reserve to lower interest rates in Q4 2025, enhancing risk assets • Institutional momentum: Strong inflows into ETFs and corporate investments creating sustainable demand • On-chain data indicates significant buying volumes on August 13-14, confirming institutional accumulation
Trading strategy points • Technical formation: MACD remains positive despite the overbought RSI, indicating underlying strength • Critical levels: Support at $120,000, immediate resistance at $125,000, and secondary resistance at $130,000 • The current trading ratio between long and short positions (72.39% long) reflects a positive sentiment
