Latest developments in Bitcoin (BTC) — What is happening now in the market?
Bitcoin is currently trading at around $115,850–$118,000 with slight fluctuations over the past few days, stabilizing around important support levels near $115,000.
After hitting a new all-time high of $123,000 in mid-July, the price in the early months of August shows a consolidation pattern within a very tight range between $115K and $118K.
Nevertheless, sentiment remains positive, driven by massive inflows from institutional investors and increasing approval of Bitcoin-related ETFs by major companies.
Trump Media announced the purchase of Bitcoin worth $2 billion and a massive options plan worth $300 million, enhancing BTC's appeal as a strong institutional stock.
Technical forecasts indicate that Bitcoin may reach $130,000 by August, due to continued institutional inflows and macroeconomic support, despite the possibility of a short-term correction.
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🎯 What is needed now?
The market is at a critical point. Strong support at $115K supports the potential for a rebound. Meanwhile, a breakout of resistance near $120K–$123K could drive the price up by 20–40% if institutions continue their investments.
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