The price of bitcoin has been enjoying some forms of resurrection in the last one week, again refunding the level of significant $ 115,000. Premier Cryptocurrency crossed the $ 117,000 mark on Friday, August 8, which was capitalizing on the recent bullish devil in the United States.
On Thursday, August 7, the United States CONALD Trump signed an executive order allowing cryptocurrency investment in 401 (K) schemes. The price of bitcoin is ruined on this positive development back and is ready to continue this climb back on its current all-high.
I can be cricket for 118,000 bull run revision
In a rented post on the social media platform X, Crypto’s chief Crypto analyst Titan kept an interesting approach to the price of bitcoin in the coming days. For the current setup, the flagship cryptocurrency business is returned to a record-high price of approximately $ 122,800.
The Titan of Crypto said that the price of bitcoin has been on an upward trend Sinnex on April 2025 and the relatives have bounced only from the trendline. In addition, the market leader has filled the reasonable price difference (FVG), a liquidity zero is often created by a sharp movement in the price.
However, the price of bitcoin is coming from the ICIMOKU cloud indicator to a significant level around Kijun-Sen (Blue Line). Kijun-Sen, also known as the base line, often represents market balance and can act as a major support and resistance level.
As shown in the chart setup above, the market leader has climbed back over Tenkan-Sen, an indicator of the initial speed shift. Meanwhile, Kijun-Sen (around $ 118,000 hovering) seems to be the only obstacle in all its time-high price with an area of $ 123,000 in the way of bitcoin.
However, a constant near the “Blue Line” may revive the bull run for the price of BTC ($ 116,572.00). In addition, Chikou Spain (Orange Line), which is an interval indicator, lives in the field rapidly, supports a brothers updrand story for the market leader.
Bitcoin price observation
As this writing, the price of bitcoin is approximately $ 116,880, with no significant motive in the last 24 hours. This dull does not reflect the activity of the coin in the last week. For data from coingcko, the President Cryptocurrency is more than 3% on the weekly time frame.
