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Bitcoin (BTC) is set to close the week with solid earnings after resistance of $ 117,000 – a movement of movement see as a bullish sign. The accelerated Rally after your Donald Trump President signed a executive order allowing cryptore, private equity, and real estate 401 (k) retirement accounts. I am
Supporeers call a discovery for mainstream adoption, potentially opening millions of long-term investors.
Japan’s SBI Holshies also filed for a little bit of the first bitcoin-xRP of bitcoin. If you get, you should have the examination of investments in a product – a development that might aprilize the institutional participation in the encryption market. Together, these catties have enhanced feeling, spinning btc in a consolidation phase only underneath a keen resistance.
Bitcoin: Bulls Eye 117k after "false"? Btc has trapped the bear with bollinge bands. Analysts see $ 117,000 as the next goal. Can the bulls take the check?
#Bitcoin #Crypto #Btc
– Bonjor (@Bonjoriksssssssss) August 7 2025
Bitcoin (BTC / USD) Rownout Signal Rownout versus $ 131k
The daily chart, bitcoin is forming a flag of the texts in tourism under 117.335 $ 3,236 restrorts. This follows a Agent Agent from $ 98,000, anchor to a long-term ascending tendency near $ 113.157 – an area repeatedly rubbish.
The moment has changed in favor of bull. The RSI has recovered 54.77 by the oblipassin conditions without territory entrant, and matts is hanging near zero line, suggestions of the ear pressure. A close to $ 117.33 today could see a pace of $ 123,250 with the range of the flag 126,980- $ 131575.
Key levels to look at:
- Support: $ 113,635- $ 113,157; 110.685
- Resistance: 117,335; $ 123,250; 131.5.575
- Target Breakout: Low $ 130ks with potential to $ 150k terminate longer
If the price points, holding over $ 113,000 is key to the bullish setup. A pause under $ 110.685 would you find out.
Global trends add to billish case
Beyond the charts, macro looks good for bitcoin. In the United States, Fed is expected to cut rates in September with 95% odds According to the CME Fedwatch tool. The lowest rates tend to push the request of risk assets including encryption.
In Asia, China is pushing with stable plans through Hong Kong to promote Dollar Dollar Dollar Dependence. This adoption of rising assets (also indirectly) support the story of bitcoin request.
If the flag pattern flag as actually planned, they can be the latest $ 131k in the weeks to the scene for the renovated spequulation about $ 150k and beyond.
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