📊 #bitcoin Market Update
1️⃣ BTC hit a new ATH $124,457 on Aug 14 before correcting to $117,728 🏔️➡️📉
2️⃣ Still bullish: $2.34T market cap, $64.9B volume 💪
3️⃣ Pullback = profit-taking, not trend reversal 👀
🚀 Why BTC is Pumping
Big money moves → Strategic Bitcoin Reserve + BlackRock & Franklin Templeton partnerships 💼🔥
Tech growth → BTC+ yield + Bitlayer’s Layer-2 (EVM compatible) ⚡
But... $250M futures liquidations + SEC drama around Trump Media = short-term drag ⚖️
📈 Trading Levels
Support 🟢: $115,000
Resistance 🔴: $124,457 (ATH)
Targets 🎯: $135K (Q3, SC)
2. 📊 Indicators
RSI = near overbought 😅
MACD = divergent momentum ⚡
💡 Sentiment
Still cautiously bullish (53.7%) ✅
BTC ranged $114.9K–$117.6K before breaking out 📊
Macro (PPI ↑) vs. Crypto innovation
(Bitlayer 🚀) will decide next move.
