Main points:
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Bitcoin New August Lights while BTC traders see.
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Predictions say early decline can turn into a trip into $ 120,000.
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The CME gap at $ 116,500 is of a potentially local minimum benefit.
Bitcoin (BTC(Approaching $ 119,000 to a “decisive” weekly closure on Sunday, as traders expected a strong week.
Let them bitcoin traders for giant short pressure
Data from Cointelegraph Markets Pro and Tradingvief BTC/USD has shown up to $ 118,760 on Bitstamp, on the occasion of new levels in August.
“Outside hours” trading at the end of the week witnessed an increasing qualifiers, with a total of 24 hours of encryption at 350 million dollars, for all data from a monitoring resource Coinglass.
Commenting on the market structure, encryption forecast preferred more progress in the new week.
“BTC on the doorstep of recovery ~ $ 11,200 again to support,” the popular trader and analyst Rick Capital wrote in him Latest x post About the weekly graph.
“Bitcoin hours away from a decisive weekly closure.”
Although the movements of the weekend price can usually be reflected with the reopening of Trafi markets, there was hope for new higher levels ever, “said the famous TRADBI.
“Just a 10 % upward step that will lead to $ 18 billion in short qualifiers and the large money may be viewed,” Proposal About liquidity conditions.
“I think the two may be a little drop with BTC Restoring the weekend pump. Then, we can see a step exceeding $ 120,000.”
Compare the accompanying BTC/USD graph now to the previous bull markets to support the hacking thesis.
Merlijn colleague agreed to $ 120,000 based on possible short pressure.
$ BTCNext step: $ 120,000
The largest liquidity gathering in weeks sitting directly above us.
If you are short here … God helps you.
Short pressure download. pic.twitter.com/vxmexkh3jj
– Merlin Trader (Merlijntrader) August 10, 2025
BTC PRICE CME GAP at 116,500 dollars on the radar
Looking at the place where the next BTC price will be deviated, the Crypto and businessman TED BADOWS has suggested that the price will be Coincide With “GAPS” in the future Bitcoin market for the CME group.
Related to: The Bitcoin Energy Value Scale says that BTC “Fair” price is 167 thousand dollars
“There is a CME gap about $ 116.5 thousand, which is likely to fill,” is summary In part of the X.
“This week, BTC $ 2,000 fell to fill GAP last week CME. After that, Bitcoin can gather towards a new ATH.”
However, the Daan Crypto trading described the weekend movements as “volatile” instead of the direction.
“Most focus on $ ETH break its highest level in the cycle and Alts, which makes all kinds of moves”, is ArgueIn reference to the largest Altcoin (Altcoin (Eth), any Multiple height.
“Do you assume that BTC takes the lights again again at the moment when it breaks 120 thousand dollars+ and approaches the high all the time again.”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
