๐ Bitcoin Update โ August 17, 2025
Current Price: $118,294 | 24h Change: +0.67% | Market Cap: $2.35T
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๐ Market Sentiment
Bitcoin is in a bullish trend but facing short-term resistance near $122,500. RSI at 55 indicates neutral momentum, suggesting possible consolidation.
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๐ Key Levels
Support: $116,445 | $115,486
Resistance: $118,840 | $121,235โ$122,500
Break above $122,500 โ potential rise toward $125Kโ$130K.
Dip below $116,445 โ retest of lower supports.
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๐ Technical Indicators
200 EMA (4h): $116,380
50 EMA (4h): $118,447
Bollinger Bands tightening โ possible volatility ahead
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๐ฎ Outlook
Overall bullish trend, but short-term consolidation likely. Watch key support/resistance before new entries.
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