Bitcoin Price Drama: Will It Surge or Plunge? August 1 Prediction!

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Ah, the sweet symphony of the crypto market, where everything is a rollercoaster ride—and today, my dear reader, we are graced with the downbeat. Most coins are having a rather unfortunate day, and according to CoinStats, it’s like watching a parade of falling stars. 🚀💥

BTC/USD: The Bumpy Ride Continues

Bitcoin, the majestic beast of the digital jungle, has seen a lovely little drop of 2.13% in the last 24 hours. Oh, how the mighty have fallen. Don’t worry, though, the world isn’t ending—yet. But then again, who can predict these digital theatrics?

If we take a peek at the hourly chart (yes, we must), we see that Bitcoin is closer to its resistance level than to any form of support. It’s like trying to scale Mount Everest on a unicycle—slightly unwise, but hey, who are we to judge? With most of the day’s ATR already checked off, we probably won’t witness any dramatic flips by tomorrow. Not unless someone unleashes a magical spell. 🧙‍♂️✨

Now, if we squint at the longer time frame, we can see the mighty Bitcoin briefly flirting with the $114,518 support line—only to disappoint us with a false breakout. Ah, what a tease! If the candle closes a bit too far from that mark, expect a bit of a comeback, heading straight for the $116,000 sweet spot. Bitcoin always knows how to keep us on our toes. 💃💰

From a midterm perspective, Bitcoin is currently testing that tricky $114,518 level. If it can break free, it might just gather enough energy to plummet to the next thrilling low of $112,000. Who doesn’t love a good cliffhanger? 😏

As of now, Bitcoin is trading at $115,145—hanging in there like a fighter who refuses to stay down, but for how long?

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2025-08-01 19:10