2025-08-11 22:34:13

📉 BTC has settled at $118,400 — where to next?

Text:
Bitcoin is trading around $118,400, after a recent pullback from the local high of $122,278.
On the 4H chart, it can be seen that the price has approached the support zone of $118,000–118,400, where the MA30 is located and there has already been a rebound at the beginning of the month.
MACD on all timeframes shows a weakening of the bearish momentum, which may lead to consolidation before a new movement.
A consolidation above $118,600 will open the way to $120,000, while a break below $118,000 could take the price down to $116,500.

BTC0.57%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.