Here’s the latest on Bitcoin (BTC) today—you can see the live price and how it's performing:
Is BTC trending up or down today?
According to the live data, Bitcoin is down around 2.35% compared to the previous close.
Other platforms confirm this downward movement:
CoinMarketCap reports ~–2.22% over the past 24 hours.
Binance shows a –2.32% 24-hour decline.
Investing.com notes a drop of –2.33%, with the price streaming near ~$118,897.
Bottom line:
Yes, Bitcoin is trending downward today.
What’s behind the move?
Technical resistance: There's bullish momentum building as Bitcoin challenges key Fibonacci resistance above $122K, but that level has held strong so far.
Macro signals: Global liquidity is rising, hinting at a potential future bullish phase, though the current trend is still negative.
Institutional shift: Market dynamics are increasingly driven by institutional demand rather than traditional supply events like halvings.
Investor sentiment: In South Korea, nearly 48% of crypto investors expect Bitcoin to continue rising in August, up from 37% last week—a sign of growing optimism despite today’s dip.
Quick Snapshot
MetricValueTrend TodayDown (~–2%)Intraday RangeHigh ~122K, Low ~118.4KWhy?Resistance pressure, shifting market dynamics
Let me know if you’d like to explore technical charts, price predictions, or sentiment across other markets!
