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๐ Bitcoin Price Update โ August 17, 2025 ๐ Market Overview Bitcoin ($BTC ) is trading around $63,200 today, showing a +2.1% gain in the last 24 hours. After days of sideways movement, bulls are finally regaining momentum, pushing BTC closer to the $65k resistance zone. 24h Range: $61,800 โ $63,750 Market Cap: $1.24 Trillion Volume (24h): $38 Billion ๐ Key Highlights 1. ETF Flows Remain Positive โ Institutional demand through Bitcoin ETFs continues to rise, supporting price stability. 2. Halving Effect Still in Play โ Supply pressure is decreasing after the 2024 halving, giving bulls more control. 3. Whale Accumulation โ On-chain data shows large wallets are adding $BTC a bullish signal for long-term investors. ๐ Technical Analysis Support Levels: $61,500 and $59,800 Resistance Levels: $64,500 and $65,000 RSI (4H): 61 โ slightly bullish Trend: Short-term bullish, targeting $65k breakout If $BTC closes above $65,000, we may see a sharp rally towards $68,000โ70,000. However, failure to break could lead to another retest of $61,500 support. ๐ฎ Outlook for Traders Short-term traders may look for breakout opportunities above $64,500. Long-term holders (HODLers) remain confident as fundamentals are strong and whale activity is bullish. โ Conclusion: Bitcoin is showing fresh strength today, and a breakout above $65,000 could trigger the next leg up. Investors should keep an eye on ETF flows and global macroeconomic news for further direction. โกWhatโs your target for BTC this week โ $65K breakout or $60K retest? Share your thoughts below!
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#Bitcoin Update โ Aug 17, 2025
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