Bitcoin is trading between $114K and $116K as of early August 2025.
With volatility building up, is BTC ready to make a major move?
🔍 Technical View: $BTC
Resistance: $116.8K → $120K → $123.2K
Support: $114.6K → $113.5K → $110.5K
📈 Chart Pattern: BTC is forming an Ascending Triangle – a historically bullish pattern.
📰 Fundamental Factors:
Spot ETF approvals might come this month
Major institutional accumulation continues (e.g., MicroStrategy)
📊 My Outlook:
If BTC breaks above $116.8K, it could push to $120K+ this month.
But if it loses the $113K support zone, it might retrace to $110K.
💬 What’s your prediction? Will BTC hit a new ATH in August 2025? Drop your thoughts in the comments 👇
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare
