Bitcoin

Bitcoin(BTC/USD) Daily Chart Analysis For Week of August 8, 2025

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Technical Analysis and Outlook:
During this week's trading session, the Bitcoin market demonstrated significant resilience, recovering from our Mean Support level at 113,000 and completing the Outer Coin Dip at 112,000. Current analysis also suggests that the cryptocurrency is attempting to retest the completed Outer Coin Rally at 122000 and the critical Key Resistance level at 120000. Conversely, on the downside, Bitcoin may seek to revisit the completed Outer Coin Dip at 112000, with the potential to extend toward the Mean Support level of 108000 before continuing its bullish trajectory.

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