Market Momentum
• BTC reached new ATH of $124,450 on August 13-14, 2025, before retreating to $118K-$121K range
• ETH and BNB followed suit, hitting $4,500 and $830 respectively
• Current trading range settled at $120K-$124K with support at $118,920
Catalysts Behind the Rally
• Trump administration's executive order allowing crypto investments in retirement accounts
• Favorable U.S. inflation data released on August 13
• Institutional confidence demonstrated through Metaplanet's acquisition of 518 BTC ($61.4M)
• Options market reveals hedging with put options at $95K-$110K strikes
Technical Outlook & Trading Strategy
• Critical resistance levels: $124,474 (ATH) and $122,200
• Key support zones: $118,920 and $115,000
• MACD shows bullish momentum while RSI approaches overbought territory
• Consider scaling into positions with stops below $115K or utilizing options strategies for volatility
Market Sentiment
• Binance community overwhelmingly bullish (87.90%)
• Traders emphasize support stability as foundation for continued uptrend
• Minority bearish view (12.09%) warns of potential liquidation cascades
• Watch for consolidation patterns before potential retest of ATH levels
