Aug 12 – 🇦🇺 RBA Interest Rate Decision Aug 12 – 🇺🇸 US CPI (YoY) Aug 12 – 🇬🇧 UK Employment Change (3M) Aug 13 – 🇦🇺 Australia Unemployment Rate Aug 14 – 🇬🇧 UK GDP (YoY) Aug 14 – 🇪🇺 EMU GDP (YoY) Aug 15 – 🇺🇸 US Retail Sales (MoM) Aug 15 – 🇺🇸 Michigan Consumer Sentiment Index
📊 From FX and gold to equities and crypto, expect heightened volatility as these numbers drop. Big moves could be on the horizon—stay sharp.
For the past six months, the @TreasureDAO magic token has been attempting to reclaim this resistance level (0.2781) for the fourth time. With consistent buying pressure, this could be a pivotal moment for a breakout—keep an eye on the charts!
In our last update, we highlighted the possibility of Bitcoin retesting the 115,729 level after breaking above it — and it played out exactly as expected. ✅
Price dipped back to this key zone, respecting it as new support before bouncing higher, showing that buyers are defending the level. This successful retest often signals strength in the trend and can serve as a launchpad for further upside.
Now, Bitcoin is trading above 116,700. If bullish momentum holds, the next challenge remains the 118,000 – 120,000 resistance zone. A clean breakout there could accelerate the move toward a stronger bullish structure.
However, if price fails to hold above 115,729 on any pullback, it could invite sellers back into the game.
Patience and discipline remain key — let the market confirm before making your move. 📈⚡
Bitcoin has successfully broken above the key resistance level around 115,729, signaling a potential shift in short-term momentum.
This level previously acted as a strong support before flipping into resistance after the recent downtrend. The breakout, supported by strong bullish candles, may open the door for a retest of the 118,000 – 120,000 zone if the momentum continues.
Traders should watch for confirmation and potential retests of the breakout level, which may now act as support. A sustained move above this zone could mark the beginning of a stronger bullish structure.
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