๐ Bitcoin Market Overview โ August 17, 2025
Current Price: $118,318 USD
24h Change: +0.68%
Market Cap: $2.35 Trillion
24h Volume: $47.04 Billion
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๐ Market Sentiment
Bitcoin is maintaining a bullish trend, holding above the $118,000 mark. The Relative Strength Index (RSI) is approaching overbought territory, indicating potential for short-term consolidation. However, the 200-day moving average has reached $100,000 for the first time in 2025, reinforcing long-term bullish sentiment.
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๐ Key Levels
Support: $116,000
Resistance: $120,000
A breakout above $120,000 could signal a continuation toward $125,000โ$130,000. Conversely, a dip below $116,000 may lead to a retest of lower support levels.
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๐ง Outlook
Bitcoin's upward momentum is supported by institutional interest, including the U.S. government's establishment of a strategic bitcoin reserve. While short-term volatility is possible, the long-term outlook remains positive.
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Note: Always conduct your own research and consider consulting with a financial advisor befor๐ Bitcoin Market Overview โ August 17, 2025
Current Price: $118,318 USD
24h Change: +0.68%
Market Cap: $2.35 Trillion
24h Volume: $47.04 Billion
---
๐ Market Sentiment
Bitcoin is maintaining a bullish trend, holding above the $118,000 mark. The Relative Strength Index (RSI) is approaching overbought territory, indicating potential for short-term consolidation. However, the 200-day moving average has reached $100,000 for the first time in 2025, reinforcing long-term bullish sentiment.
---
๐ Key Levels
Support: $116,000
Resistance: $120,000
A breakout above $120,000 could signal a continuation toward $125,000โ$130,000. Conversely, a dip below $116,000 may lead to a retest of lower support levels.
---๐ Bitcoin Market Overview โ August 17, 2025
Current Price: $118,318 USD
24h Change: +0.68%
Market Cap: $2.35 Trillion
24h Volume: $47.04 Billion
---
๐ Market Sentiment
Bitcoin is maintaining a bullish trend, holding above the $118,000 mark. The Relative Strength Index (RSI) is approaching overbought territory, indicating potential for short-term consolidation. However, the 200-day moving average has reached $100,000 for the first time in 2025, reinforcing long-term bullish sentiment.
---
๐ Key Levels
Support: $116,000
Resistance: $120,000
A breakout above $120,000 could signal a continuation toward $125,000โ$130,000. Conversely, a dip below $116,000 may lead to a retest of lower support levels.
---
๐ง Outlook
Bitcoin's upward momentum is supported by institutional interest, including the U.S. government's establishment of a strategic bitcoin reserve. While short-term volatility is possible, the long-term outlook remains positive.
---
๐ง Outlook
Bitcoin's upward momentum is supported by institutional interest, including the U.S. government's establishment of a strategic bitcoin reserve. While short-term volatility is possible, the long-term outlook remains positive.
---
Note: Always conduct your own research and consider consulting with a financial advisor before making investment decisions.
