$BTC
๐ด Bitcoin Battles at $113K โ Bulls or Bears in Control? โ๏ธ
$BTC at a Crossroads as Market Faces Critical Decision Point
As of August 2, 2025, Bitcoin is caught in a fierce tug-of-war between bulls and bears, hovering around the key $113,000 pivot zone. With a market cap of $2.26T and a 24H trading volume of $49.17B, BTC has been trading in a tight intraday range of $112,680 โ $115,899, reflecting heightened volatility and investor indecision.
๐ From Peak to Pivot:
BTC has cooled off from its recent high of ~$123,236, losing bullish momentum and failing to stay above the critical $120K barrier. The current price action hints at a compression pattern โ often a precursor to explosive breakouts or breakdowns.
๐ Technical Outlook:
โ๏ธ 50DMA Support: ~$105,800
โ ๏ธ Resistance: $110,000 โ $112,000
๐ก Potential Inverse H&S pattern forming
๐งฎ MACD weakening | RSI near overbought
๐ Long/Short ratio on Binance Futures: 0.56 (bearish tilt)
๐ฅ Open Interest: ~$75B โ showing leverage could spark big moves
๐ Bulls say:
Strong institutional ETF inflows ๐ผ
Post-halving supply shock supports long-term growth ๐โก๏ธ๐
Holding above key MAs keeps the trend intact ๐
๐ป Bears warn:
Fading momentum, RSI exhaustion โ ๏ธ
Possible retest of $105Kโ$103.6K on breakdown
Altcoin underperformance โ market fatigue? ๐ด
๐จ What to Watch:
Breakout above $113Kโ$115K = ๐ to $130K+
Breakdown below $112.6K = ๐ป correction risk to $105K
Monitor: Volume โข ETF flows โข Macro trends
This $113K zone is a make-or-break moment. Will Bitcoin bounce back, or are we heading for deeper consolidation?
๐ Drop your predictions. Who wins this round โ Bulls or Bears?
#Bitcoin #BTC #CryptoNews #MarketUpdate #BinanceSquare #MarketPullback