đ Current Price Action
Bitcoin
$BTC is moving between $117,700 â $119,000 after cooling off from its $123K high. Market looks cautiously bullish with strong demand!
đ„ Key Levels to Watch
đŒ Resistance: $122,500 â $124,500 â $127,200
đœ Support: $116,300 â $117,500 (critical!)
â ïž If BTC
$BTC breaks below $117,445, it could test $112,500 â $113,000
đ Chart Signals
Ascending triangle pattern forming â
Break above $122,500 = possible new ATH!
RSI hints at short-term correction âĄ
đ° Big Catalysts Ahead
đŠ US CPI data â could swing short-term trend
đŒ ETF inflows & institutional buying = bullish support
đ Regulatory clarity boosting confidence
đž Interest rate cuts expectations = more fuel for BTC rally
đŻ Near-Term Price Forecast
August Peak: around $125,000
September Target: possible run toward $131,000
â If support fails â downside to $110K â $112K
â
Summary
BTC is at a make-or-break zone! Holding $117K support + breaking $122,500 resistance could send Bitcoin flying to new highs đ. But watch out for short-term pullbacks â volatility is coming! âĄ
$BTC #bitcoin #Bitcoinâ #news #Targetđ« #TrendingTopic