Does Bitcoin repeat its increase from $ 75,000?
While the first whole week in August begins, the market is in unstable balance. On the one hand, the technical reflection temporarily reassures ghosts after falling below $ 112,000. On the other hand, the nervousness remains tangible, driven by uncontrollable volatility and persistent macroeconomic uncertainty. In particular, bitcoins show contradictory features. Does it repeat its bull cycle or slowly slide towards a new deep correction? One thing is for sure: the technical and basic signals around Bitcoins leave no one indifferent.
In short
- Bitcoins oscillates among the recovery of bull and uncertainty, while the threshold value of $ 116,500 captivated all the attention of traders.
- Despite massive sale, long -term investors continue to accumulate and focus on returning to the peaks.
- Technical signals and institutional demand indicate an explosive scenario around $ 75,000.
Threshold value 116 500 $: rocking point or market bait?
The level of $ 116,500 is today a real BTC pivot. It is not a simple round figure, especially for minors who have accumulated the equivalent of $ 1.66 billion in Bitcoins in July. In fact, it is a strategic point where open out -out sellers could be swept by wave of liquidation.
Thekingfisher, a well -known character in technical analysis on X, describes it as a magnet. In other words, if the price exceeds this barrier, the bull movement could speed up brutally.
But not everyone shares this enthusiasm. Some analysts recall that current volatility is low, which could mean a false start. Bitcoin has recently seen only 3.6 %movement, very little to the asset accustomed to the roller coaster.
This peace could hide the trap or, on the contrary, prevent the main shock, where several experts think about the possibility of a repeated bull scenario. How Ryan Lee, the main analyst of Bitget: points out:
For this week, bitcoins should consolidate between $ 112,000 and $ 118,000, supported by solid technical signals, while the Ethereum could test $ 3,300 to $ 3,800, transmitted by the incoming flows in the ETF and institutional interest.
It is certain that this technical threshold crystallizes attention. If it is exceeded with beliefs, buyers could regain their appetite. However, in the event of a refusal, a return to $ 110,000 cannot be excluded or even less excluded. For the time being, the market retains its breath.
Bitcoin: Between massive sale and flavors to a long -term investor
August 1 was sold more than 40,000 bitcoins in terms of short -term loss. And they’re not just small carriers. Whales, these massive portfolios that affect trends, have actually reduced their exposure, which is a sign of a certain discomfort in the face of prices.
But in the shadow of this massive sale, another movement is formed. The accumulative wallets that buy and never sell have increased their assets by 50,000 BTC per month.
On the part of OTC platforms, often used by institutions, stocks explode and now exceed 500,000 bitcoins.
This double face of the market reflects the current complexity. On the one hand, investor Fringe gives up panic or regulates his positions. On the other hand, a fixed base has been strengthened for a long time. If Bitcoin manages to stabilize its price in the coming days, this quiet request can become a fuel of return to the peaks. And why not reach $ 148,000.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.