Key points:

• Bitcoin traders reveal the key BTC price points for a bullish recovery.

• The risk of a “double top” for price remains, with $102,000 on the radar should support fail.

• The Bitcoin bull market does not have much time left — if history is a guide.

Bitcoin (BTC) neared $113,000 after Wednesday’s Wall Street open as buyers sought to cement a market bounce.

BTC price outlook hinges on $112,000

Data from Cointelegraph Markets Pro and TradingView showed local highs of $112,646 on Bitstamp.

Now up over $3,000 from multiweek lows seen the day prior, BTC/USD continued to split opinions over where it might head next.

“$BTC has reclaimed its EMA-100 level,” popular trader BitBull wrote in a post on X, referring to the 100-day exponential moving average at $110,850. 

“This has been very crucial for bottom formation, and for now bulls are still in control. If BTC holds this level, I wouldn’t be surprised to see a rally towards $116K-$117K level.”

While maintaining a bearish bias, fellow trader Roman, who this week called time on the Bitcoin bull market entirely, emphasized the importance of the $112,000 mark.

“Looks like a breakdown & bearish retest for now. If 112k support is truly lost, 102k support should be next. Also looks like a double top is confirming here,” he told X followers on the day. 

“I expect lower over the next few days – unless we completely regain 112k support.”

Popular trader and analyst Rekt Capital, meanwhile, reiterated similarities between the current BTC price pullback and previous bull markets.

“History doesn’t always repeat but it often rhymes,” he summarized, confirming that price had entered its second “price discovery correction.”

“Bitcoin ended up rallying into new All Time Highs by Week 6 before transitioning into Price Discovery Correction 2. History suggests this pullback will likely be shallower & shorter than past ones.”

Is time running out for the bull market?

Debate also centered around the longevity of the bull market, with market participants similarly torn over how long it might last.

Related: Bitcoin can still hit $160K by Christmas with ‘average’ Q4 comeback

For Rekt Capital, history demands that October form the deadline for a bearish trend change.

The previous bull market lasted 152 weeks

That’s ~1064 days

Almost 3 years

We are already 144 weeks into this Bull Market$BTC #Crypto #Bitcoin

— Rekt Capital (@rektcapital) August 27, 2025

This contrasts hopes that the next Bitcoin bear market is still years off — a view put forward by David Bailey, the dedicated Bitcoin adviser to US President Donald Trump.

“There’s not going to be another Bitcoin bear market for several years,” Bailey argued on X at the weekend, pointing to institutionalization of BTC as an asset.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ministry of Digital Assets Treasury (that) Companies considered high beta play on Friday were sold sharply on Friday as they showed signs of fatigue at the August crypto rallies.

strategy (MSTR) It fell another 3% on Friday, down 20% since its July high, and 33% from its history high in November 2024. The MSTR/IBIT ratio fell to 5.43, the lowest since March, and Signaling continued to slow performance against BlackRock’s iShares Bitcoin Trust (go) And then he returned to the level he was last seen at the beginning of the year.

Other Bitcoin Treasury Ministry also fell along with Metaplanet (3350) 9% decline and Nakamoto (turn) After the merger with KindlyMD was completed, 12% off formed a new Bitcoin Treasury entity.

Kulr Technology, breaking from trends (kulr) It won over 5% after reporting its second-quarter revenue growth rate of 63% year-on-year, driven by the Bitcoin First Balance Sheet Strategy.

Companies with high ETH portfolios suffered sharp losses.

Early in the session, two of the most well-known Ethereum strategy companies, Bitmine Immersion Technologies and Sharplink Gaming, reduced by 7% and 14%, respectively.

The Solana focused companies were also inevitable. Upexi (upxi) Over 9% during Defi Development (DFDV) It was 5% lower.

BTC, ETH, SOL RALLY COOLS

This move coincided with Bitcoin

It extended the reversal from Thursday’s short-lived spike to $124,000, sliding it to a new all-time high of $124,000. ether (eth) He fell after challenging a record high of over $4,800.

DATS pursues a strategy of raising funds by selling stocks and debts to accumulate cryptocurrency, a playbook pioneered by Michael Saylor’s strategy. They are considered beta play at crypto prices, and rises even further when the underlying assets gather, but suffers from a major drawdown as the market cools.

Most crypto stocks traded low during the session. Bitcoin Minor Riot Platform and Digital Asset Conglomerate Galaxy (glxy) It’s about 8% lower. Coinbase (coin) A modest 1.6% decrease during the circle (CRCL) We won 3.5% after successfully completing the secondary share offering.

Read more: Bitcoin Rally inflation in the US, policy whipping: Crypto Daybook Americas

BTC Bulls made a quick recovery on August 7, 2025, regaining 117K levels after a short downward stint under the support of the Bollinger Band.

Now that bullish sentiment has reignited, traders are looking at the 119K mark as their next major zone of resistance. Furthermore, BTC heatmap data suggests that liquidity clusters between 117.5K and 118K may have a higher potential grind as traders continue to liquidate short positions.

24 hours7d30D1Yeverytime

In addition to this, the Daily CME Futures gap has been met, with new support established in close to $114,000. In the background, divergence forms between spot price action and ETF flow. Bollinger flags it as a possible trap for bears who are enthusiastic about the setup.

According to Coinglass heatmap data, BTC has encountered the attachment of resistors to liquidation clusters growing between 117.5k and 118k. On the flip side, there is accumulation of negative side bids that the level strengthened by the completion of the CME futures gap is around 114k.

(Coinglass heatmap data)

This level has historically served as a key point in the convergence of spot prices and has increased reliability as a support base.

$ BTC The clearing map shows the major long clusters of ~116000 (left) and the short clusters of ~118000 (right). These act as price magnets, potential volatility drivers. Configuration: optical_opti. pic.twitter.com/ijdczuolzg

– Thekingfisher (@kingfisher_btc) August 9, 2025

Analysts suggest that if BTC can push beyond the 119k mark, $120K will be the next big target psychologically and technically.

Explore: Top Solanamem Coins to purchase in August 2025

Ethereum Eyes $4500! Is this the best code to buy now?

Over the past 24 hours, ETH saw a $229.49 million futures liquidation, with Coinglass data that has left $22.24 million away from the long and wiped out $207.25 million from the shorts. ETH bounced back nearly $3,470 in support last week, and has since recreated the $4,000 mark by 15% since December 2024.

At this point, ETH is facing resistance at the $4,100 level, characterized by historic sales pressure and a descending trend line dating back to its history high in November 2021.

A breakout above the $4100 mark could lead to another bullish run, with ETH surges at the $4500 mark, a $4500 resistance zone.

Meanwhile, to maintain this bullish momentum, we must protect $3,470 in support. It could drop to $3,220 near this level once a week, and if it fails, a $3,000 psychological support zone could appear.

Momentum indicators such as RSI indicators flash red as they approach the area where ETH was over-acquired, while stochastic oscillators have been over-acquired since June. The signal is currently showing bullish momentum, but we should not rule out the possibility of short-term cooldowns.

$ eth: Looks really good here, it reached the best price since December 2021. This is a breakout due to multi-year resistance. You can jump to 5K and then retest 4K as support. https://t.co/kdv98ayjvm pic.twitter.com/1qdpl7yaid

– Christian Otto (@chrisott) August 9, 2025

In a bright note, ETH has scored over 180% since reaching its recent low of $1,385 in April, and has garnered more than 60% in the past month. Strong purchasing pressure from the entities of companies pivoting towards the ETH Treasury has fueled this recent performance.

24 hours7d30D1Yeverytime

Additionally, it received regulatory support from the SEC (Securities and Exchange Commission) on August 5, 2025 after regulatory agencies revealed that liquid staking of crypto assets did not violate the securities laws.

Explore: 10+ crypto tokens that can hit 1000X in 2025

Meme Coin Bitcoin Hyper’s pre-sale explodes past $7.7 million

by Arijit Mukherjee

Hyper Bitcoin has taken the Meme Coin industry by storm, with whales investing $96,000 recently. Hyper, a new memecoin and Bitcoin Layer 2 project, is built using Solana Virtual Machine (SVM).

It aims to bring gaming, Defi and real-world asset tokenization into the Bitcoin ecosystem by providing faster trading times and lower fees while maintaining Bitcoin grade security.

Meme Coin has already raised its pre-sale of over $7.7 million and has no official release date yet, but there is speculation that it will be debuted in the third quarter.

Hyper uses a bridge mechanism to lock BTC, issue wrap tokens that can be used in DAPP, and provides early participants with a 320% APY staking option.

With Bitcoin gaining momentum, Hyperis is gaining interest among smart money investors as a potential Q4 breakout play!

Visit Bitcoin Hyper here!

Vivopower’s $100 million Ripple Purchase Plan will raise stock prices of over 32%

by Arijit Mukherjee

Shares of NASDAQ-registered solar power company Vivopower rose 32.12% to $5.10 on August 8, 2025 after announcing its decision to acquire $100 million worth of privately held Ripple Labs stock to expand its XRP-centric digital financial strategy.

According to a press release dated August 8, 2025, Vivopower will purchase these shares directly from existing shareholders based on two months of due diligence.

Destruction: With a $100 million bet, XRP can be put at the heart of corporate finance.

And it’s not from fintech or crypto giants, but from global energy solutions companies.

Here’s why Vivopower’s Ripple Gamble is bustling in the market:

1/ Vivopower International has announced its next plan… pic.twitter.com/s1mrg0iogq

– Ripple Van Winkle | Crypto Researchers (@RipBullWinkle) August 9, 2025

For this to work, Vivopower is partnering with BITGO, Secure Asset Custody and Pasdaz Private Market. This is Ripple’s platform suitable for private sharing transactions.

In a press release, the company suggests that every 10 million shares, Vivopower shareholders can expect a value addition of $5.15 per share, depending on the volatility of the market.

Explore:12+ Hottest Encryption Presale to Buy Now

WLF is considering a $1.5 billion public vehicle for WLFI Token Holdings

by Arijit Mukherjee

President Trump supports World Liberty Financial. It plans to use a $1.5 billion public Shell Company as its financial vehicle to own WLFI governance tokens.

A report released by Bloomberg on August 9, 2025 shows that while major crypto and tech investors are approached, the structure of the transaction is still fixed.

The move reflects the strategies implemented by Michael Saylor’s micro-tactics and now reflects the branded strategy.

Large investors have set up a public company that holds WLFI tokens in the Trump family-backed venture company World Liberty Financial, and have established a public company that will join the Digital Assets Treasury Department company https://t.co/M31ud7cbw00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

– Bloomberg (@business) August 9, 2025

So far, the venture has raised $550 million through public token sales with well-known investors such as Justin Sun and Web3port. Trump himself has disclosed more than $57.4 million in earnings from selling WLFI tokens and holds more than 15 million tokens.

Explore: Best New Cryptocurrencies to Invest in 2025

Ondo’s technical indicators are bullish, with prices increasing by 2.2%

by Arijit Mukherjee

Although the news cycle was relatively quiet, Ondo’s daily gain of 2.2% reflects increased technical strength and consistency with broader market sentiment.

The institutional benefits in real-world asset tokenization continue to support protocols such as Ondo Finance within the Defi Ecosystem.

Ondo is currently trading for $1.04 after temporarily touching on the $1.05 mark.

Bullish emotions seem to be based primarily on technology, with traders responding to the ond position on the main moving average, and approaches to the resistance zone reacting.

$ ondo The reversed head and shoulders are almost complete.

Ondo Global Markets is about to change the game. pic.twitter.com/mlgqgbqcut

— Rendoshi Ondomoto (@Rendoshi1) August 9, 2025

Its floating support is $0.84, while the stronger support is at the $0.62 level. Conversely, resistance concentrates at around $1.17, marking a potential profit of 12.5% from current levels.

The $1.03 pivot point is just below the current price.

Explore: 9+ Best High Risk, High Reward Crypto Buy in August 2025

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Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000. According to Glassnode’s BTC Cost Basis Distribution Heatmap, this level has consistently attracted buying interest, acting as a key area where capital rotates into Bitcoin.

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The heatmap reveals dense clusters of cost basis activity near key price levels. This reinforces its role as short-term support and a psychological anchor for bulls. As long as this zone holds, the risk of a full breakdown remains limited—even as BTC struggles to reach new highs.

However, repeated rejections near $120K and muted momentum raise concerns that upside exhaustion could eventually lead to deeper downside. If demand at $117K begins to fade, price may quickly revisit lower levels in search of fresh support. For now, though, on-chain data shows that accumulation remains healthy, and this zone could be the foundation for Bitcoin’s next attempt to reclaim the highs.

$117K Becomes Bitcoin’s Accumulation Stronghold as Market Shifts

Bitcoin’s $117,000 level has emerged as a key accumulation zone, with approximately 73,000 BTC now held at this cost basis, according to the latest data from Glassnode. This reinforces the idea that buyers continue to step in on every dip, absorbing selling pressure and stabilizing price action within the current range. The BTC Cost Basis Distribution Heatmap shows a consistent buildup of demand in this area, highlighting investor confidence around this support zone.

What makes this cycle particularly unique is the presence of legal clarity and accelerating institutional adoption in the US. Unlike previous cycles, where price action was often driven by retail speculation and extreme volatility, today’s structure appears more measured. Regulatory progress—especially around spot Bitcoin ETFs and clearer custody frameworks—has attracted a wave of long-term capital. This influx of institutional demand is not only stabilizing the market but also making it less reactive to short-term swings.

However, Bitcoin’s calm price action may not last much longer. As Ethereum gains momentum, driven by rising open interest and on-chain activity, capital is beginning to rotate into altcoins. Historically, such transitions have marked the end of Bitcoin-led phases and the beginning of broader market expansions. If ETH and altcoins continue to accelerate, Bitcoin’s tight trading range could break—either leading to a catch-up rally or a temporary pause as capital rotates elsewhere.

Related Reading

BTC Range Narrows As Price Holds Between Key Levels

The 8-hour chart shows Bitcoin consolidating tightly between $115,724 and $122,077, with the price currently hovering around $118,762. Despite a lack of strong momentum, the structure remains bullish as BTC holds above all major moving averages—the 50 SMA ($118,185), 100 SMA ($113,521), and 200 SMA ($109,754). This alignment signals continued trend strength, with short-term dips being supported by buyers.

Volume has declined during the consolidation, a typical sign of a neutral phase where market participants await a breakout. Notably, each pullback toward the lower boundary near $115,700 has been met with strong demand, confirming this zone as key support. Meanwhile, resistance at $122,000 continues to cap bullish attempts, forming a clear range that will likely define Bitcoin’s next move.

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If BTC can reclaim $120,000 with a strong surge in volume, a breakout toward new all-time highs above $123,000 becomes likely. Conversely, a breakdown below $115,700 could trigger a sharper correction toward the 100 SMA around $113,500. For now, all eyes remain on whether bulls can sustain pressure and flip resistance, or if sellers regain control near the top of the range. The current setup favors patient accumulation as the market prepares for its next directional move.

The dip from peak levels, approximately a 4.1% decline, has not dampened broader investor sentiment, with several on-chain indicators suggesting renewed buying interest and reduced selling pressure.

Bitcoin Whale Withdrawals Decline, While Stablecoins Flow In

In a recent analysis posted to CryptoQuant’s QuickTake platform, analyst Amr Taha shared insights pointing to a strategic change in behavior among key Bitcoin holders and investors.

The report, titled “Stablecoin Flood and Whale Retreat: Binance Moves Foreshadow Risk-On Sentiment”, outlined significant trends in whale activity and stablecoin flows that may support continued bullish momentum in the near term.

Taha’s research highlighted a steep reduction in whale-level Bitcoin deposits on Binance. Over the past 30 days, these deposits have dropped from $6.75 billion to $4.5 billion, a $2.25 billion decline.

Historically, large deposits from whales to centralized exchanges often signal an intention to sell, so the recent drop may imply a reduction in immediate sell-side pressure. This could stabilize Bitcoin’s price in the short term, especially if whales continue to hold or move assets to cold storage instead of preparing them for sale.

At the same time, stablecoin flows have increased dramatically across major exchanges. On July 16, Binance and HTX saw combined stablecoin inflows exceeding $1.7 billion.

Taha interpreted this as an indication that large entities, possibly institutions or whales, are preparing to accumulate digital assets. Large stablecoin deposits often precede significant buying activity, suggesting that the market could be gearing up for another leg higher, particularly if paired with reduced sell-side movements.

Macroeconomic Developments and Miner Sentiment Add Context

This on-chain activity is unfolding amid broader economic and political developments. Taha’s report also pointed to speculation around President Donald Trump’s comments during a private meeting, in which he reportedly considered replacing Federal Reserve Chair Jerome Powell.

Though later denied, the remark sparked reactions in traditional markets, including a weaker dollar and rising bond yields. These shifts signaled a rotation into risk assets, potentially benefiting crypto markets as investors reallocate capital in anticipation of a more accommodative monetary stance.

Separately, CryptoQuant analyst Arab Chain analyzed Bitcoin’s miner profitability using the Puell Multiple indicator. The data shows that while miners are currently making solid profits, the level has not reached historical peaks seen during prior market tops.

In the 2017 and 2021 cycles, extreme miner profitability (indicated by Puell readings exceeding 2.0–3.0) often preceded sharp price corrections. At current levels, Arab Chain believes the market is not in a euphoric state, reducing the likelihood of imminent volatility due to miner-driven selloffs.

Featured image created with DALL-E, Chart from TradingView