Bitcoin Price Prediction: $808M Marathon Win vs Rising Crypto Taxes – What’s Next?

Key Points

1. Marathon Digital reported Q2 revenue of $238 million (up 64%) and net income of $808 million, driven by its 50,000 BTC holdings, though analysts remain skeptical about its AI strategy.

2. Indonesia will implement new crypto tax rules starting August 1, including a 0.21% VAT on offshore trades and eliminating a 0.1% mining tax in 2026, while exempting crypto buyers from VAT.

3. The U.S. is set to release a crypto policy report following a 180-day review of Executive Order 14178, which may include details on government-held Bitcoin and influence institutional confidence.

4. Bitcoin's price is forming a symmetrical triangle on the 4-hour chart, with key resistance at $118,280 and $120,300, and support at $116,500 and $114,530.

5. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project, has raised over $5.9 million in its presale, aiming to combine Bitcoin's security with Solana's speed.