Market Analysis of Bitcoin on Wednesday 08 August 2025

2025-08-06 09:59Source:BtcDana

Bitcoin / Dollar intraday: our next up target stands at 116110

 

113240 is our pivot point.

 

Our preference:

Our next up target stands at 116110.

 

Alternative scenario:

Below 113240, expect 112120 and 111460.

 

Comment:

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 113560 and 114104).

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