TL;
- The primary cryptocurrency has been in a free-ball state for the past, lower than $ 119,000 from $ 119,000 to $ 119,000.
- A popular analyst has highlighted the most important support areas that the couple is further tested.
The top chart paints a clear picture. Bitcoin reached the peak in the middle-joy after an impressive Rali and shot ahead $ 123,000 to mark its latest records. However, it could not maintain such small levels and began to retreat.
It spent the next ten days in a revival tightening between $ 117,000 and $ 120,000 for no success during its breakout efforts in one direction.
On July 25, after being a fake, which the bulls managed to defend, the actual breakdown began to occur at the end of the month and as the August began. BTC ($ 113,424.00) Rs.
Some reasons can be found to be remarkable nose here, which respects Macro tension and uneven to investors to unload sufficient BTC volume. Construction on the latter, Ali Martinez said that miners are also selling recently, dumping more than 3,000 BTCs in just two weeks.
In the last two weeks, miners have shut down more than 3,000 bitcoin $ BTC! pic.twitter.com/enp4jtuyms
– Ali (@ali_chats) August 2, 2025
Given the accident of bitcoin, which had prolonged $ 1 billion in more developed positions at one point, Eleest also discussed the next major support areas for the property. They ran away between $ 105,000 and $ 107,000. Later, Martinez repeated the importance of $ 107,100 line as a large accumulation point for BTC’s future value traffic.
$ 107,160 Bitcoin continues to emerge as an important support level for $ BTC! pic.twitter.com/izoejlbaga
– Ali (@ali_chats) August 2, 2025
So far, cryptocurrency has resumed well above that level as it currently trades above $ 113,000. However, more volatility is expected on Monday when all finished markets open. Additionally, Trump has a habit of creating important annuals on Sunday, so look out.
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