Bitcoin Price Watch: Tight Trading Zone Suggests Volatility Spike Incoming
Main Idea
Bitcoin is currently trading in a tight range, indicating potential volatility ahead, with key support and resistance levels determining future price movements.
Key Points
1. Bitcoin is priced at $116,779 with a market cap of $2.32 trillion and a 24-hour trading volume of $38.10 billion.
2. The cryptocurrency has been trading within a narrow range of $116,112 to $117,596, signaling consolidation after recent price swings.
3. Key support levels are at $114,000–$115,000, while a break above $118,000 could lead to a push toward $120,000.
4. Technical indicators show mixed signals, with oscillators neutral but momentum and MACD flashing bearish signs.
5. Moving averages are mostly bullish, except for the 30-period SMA, which has turned bearish.
Description
Bitcoin is trading at $116,779 apiece on Aug. 8, 2025, with a market capitalization of $2.32 trillion and a 24-hour trading volume of $38.10 billion. The cryptocurrency moved within a narrow intraday range of $116,112 to $117,596, reflecting a consolidation phase after recent price swings. Bitcoin On the daily chart, bitcoin has rebounded sharply from
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