#BTC

The current BTC situation is moving in the range of 114,000–118,000 US Dollars, with a clear focus on the zones 112,000 $ (Support) and 115,000–117,000 $ (Resistance).

Zones and Price Range

• Supports: 110,000 $ (psychological), 112,000 $ (important, bearish danger if broken), 114,000 $ (short-term).

• Resistances: 115,000–117,000 $ (Pivot Zone), 120,000–124,500 $ (Major Swing Area), ATH area at around 124,600 $.

• Range: Acute consolidation between 112,000 $ (stabilization needed) and 117,000 $ (breakout potential).

Market Sentiment & Outlook August

• The market is currently cautious, profit-taking after rallies shapes the events.

• A sustainable breakout above 115,000 $ could trigger FOMO and new momentum; pullbacks quickly lead back to 112,000 $.

• From 120,000 $, significant resistances come into play; if 110,000 $ breaks more clearly, a correction down to 106K/100K can occur.

Conclusion

BTC continues to fluctuate between important zones. Decisive levels for short-term traders: 112K (Long Trigger) and 115–117K (Breakout Confirmation). Sideways range dominates – Volume and sentiment should be closely monitored.👇🏽$BTC