TL;DR
- Bitcoin, that mischievous satoshi-spawn, teeters near $115K, eyeing resistance like a cat stalking a canary at $114.8K-$116.8K. 🕵️♂️
- Weekend dip to $111,965? Oh, the humanity! $670 million in futures losses, mostly from long positions. Longs, longs, everywhere, but not a profit to drink. 🥃💔
- Analysts, those modern-day soothsayers, warn of a rejection that could send Bitcoin back to the $110K-$112K accumulation zone. Back to the shadows, my dear coin! 🦇
- Mining difficulty hits 127.6 trillion. August, that fickle month, whispers of volatility like a siren luring sailors to their doom. 🌊⚠️
Price Movement and Market Reaction
Bitcoin (BTC), the digital Prometheus, soared to $115,000 on Monday, rebounding from a weekend dip to $111,965. Ah, the weekend—when markets sleep, but Bitcoin never rests. The drop, my dear reader, was fueled by U.S. jobs data, that eternal harbinger of recession fears. Over 24 hours, $29 billion changed hands. A mere pittance in the grand scheme of things, no? 🤑
Coinglass, that vigilant watchdog, reported $670 million in losses from perpetual futures positions. Longs, poor souls, accounted for over $550 million. Despite a 1% gain in 24 hours, Bitcoin remains down 3% for the week. A minor setback, or the beginning of the end? Only the shadows know. 🌓
Crucial Resistance Levels at $114.8K and $116.8K
Michaël van de Poppe, that sage of the crypto realm, proclaimed,
“Bitcoin is doing great. It’s back up to the first crucial resistance zone and green light for a new ATH. Breaking through this area isn’t a guarantee of a new ATH, but a good first step.”
He pointed to $114.8K as the first hurdle and $116.8K as the second. Clear these, and $119.5K beckons like a siren’s call. But beware, rejection lurks like a shadow, ready to send Bitcoin back to the $110K-$112K range. A strong support zone, they say, where buyers gather like moths to a flame. 🦋🔥
#Bitcoin is doing great.
It’s back up to the first crucial resistance zone and green light for a new ATH.
Breaking through this area isn’t a guarantee of a new ATH, but a good first step.
Rejection here?
Yes, that would mean we’re retesting the area around $110-112K.
There…
— Michaël van de Poppe (@CryptoMichNL) August 4, 2025
Market Structure and Price Gaps
Ted, that astute observer, noted,
“$BTC now has a CME gap between $113.5K-$114K. Most of these CME gaps are filled, so expect a dip below $114K.”
A small pullback, a mere hiccup in the grand symphony of markets. Daan Crypto Trades, another oracle of the digital age, observed that Bitcoin often sets its monthly high or low within the first week. “The current move from high to low is just ~3.6%,” he said. “There’s a very high likelihood we make a larger move this month.” Ah, the dance of volatility! 💃🕺
Network and Broader Outlook
As CryptoPotato reported, Bitcoin’s mining difficulty hit a new peak at 127.6 trillion. The network, ever growing, ever hungry for power. Robert Kiyosaki, that prophet of doom, warned of a fall to $90,000, citing August’s history of sharp declines. August, that cruel mistress, always ready to strike when least expected. 🗡️
With Bitcoin hovering near $114K-$116K, traders watch with bated breath. Will it break through resistance for an all-time high, or retreat to retest lower support levels? The devil, as always, is in the details. And the details, my friends, are as murky as a Moscow fog. 🌫️
Read More
- Meta CEO Mark Zuckerberg Just Assembled a “Super Intelligence Avengers” Team That Could Totally Change the Game in Artificial Intelligence (AI). Here’s Why That Makes Meta a “Must-Own” AI Stock.
- Gold Rate Forecast
- Prediction: This Will Be Palantir’s Stock Price in 3 Years
- The Lucid-Uber Robotaxi Deal: How Nvidia Will Also Benefit
- KPop Demon Hunters Had a Kiss Scene? Makers Reveal Truth Behind Rumi and Jinu’s Love Story
- Wuchang Fallen Feathers Save File Location on PC
- 📢 BrownDust2 X BiliBili World 2025 Special Coupon!
- USD KZT PREDICTION
- USD ILS PREDICTION
- How Bhutan Turned Water into Bitcoin Gold 🌍💸
2025-08-04 18:43