BTC Bulls helped recover on August 7, 2025, restore 117 thousand after a short period of descending below Bollemer Band, while analysts call it “Head Fake”, and reformulates the upscale feelings as the best encryption to buy now.
Now that she has ignited the bullish feelings, merchants look forward to the 119K brand as the next main resistance area. Moreover, according to BTC Heatmap data, liquidity groups range from 117.5 thousand dollars and 118 km indicate that there may be a potential grinding with higher grinding with traders continuing to liquidate short situations.
Moreover, the CME FUTERES daily gap has been filled, putting new support near $ 114,000. In the background, there is a difference between the instant price movement and ETF flows. Bollinger informed the preparation as a potential trap of excessive bears.
According to Coinglass’s Heatmap data, BTC faces resistance to escalating in growing liquidation groups between 117.5 thousand and 118 km. On the other hand, negative price offers accumulate about 114 km, a level reinforced by the completion of the CME Futures gap.
(Coinglass Heatmap data)
This level was historically as a basic point of rapprochement for instant prices, which enhances its credibility as a support base.
$ BTC The filter map shows a large long collection at ~ 116000 (left) and a short set at ~ 118000 (right). This is a price magnet, potential fluctuations. Training: Optical_Opti. pic.twitter.com/ijdczuolzg
– TheKingfisher (Kingfisher_btc) August 9, 2025
Analysts suggest that if BTC is able to exceed the 119K mark, $ 120,000 becomes the next big goal from a psychological and technical point of view.
ExploreTop Solana Meme Coins for purchase in August 2025
Ethereum eyes $ 4,500! Is it the best encryption for buying now?
Over the past 24 hours, ETH has seen $ 229.49 million in futures liquidation, with Coinglass data that shows $ 22.24 million eliminated from Longs and $ 207.25 million of short pants. ETH was backed by support near $ 3470 last week, and has since increased by 15 %, a brand of $ 4,000 for the first time since December 2024.
As of this moment, ETH faces resistance at $ 4100, characterized by historical sale pressure and the downward trend line that dates back to the highest level ever in November 2021.
The collapse over the $ 4100 sign can lead to another confiscation race, and it can see the ETH increase towards a brand of $ 4,500, a major resistance area before re -testing its highest level ever at $ 4,868.
Meanwhile, you should defend its support of $ 3470 to keep this ups off. The weekly closure below may lead to a decrease in about $ 3220, and if this fails, the psychological support area of $ 3,000 may be operated.
The momentum indicators, such as the RSI index, are shown in red with ETH approaching the peak area of the purchase, while the indiscriminate oscillator has been arrested since June. Although the signals currently indicate a bullish momentum, the possibility of slowing in the short term should not be excluded.
$ ETH: It looks really good here, it has reached the highest price since December 2021. This is the collapse through multi -year resistance. You can jump to 5K and then re -test 4K as support. https://t.co/kdv98ayjvm pic.twitter.com/1qdpl7yaid
Christott August 9, 2025
In a brighter note, ETH has gained more than 180 % since its last level reached $ 1385 in April, and it rose by more than 60 % during the past month. The strong purchase pressure from the entities of companies heading towards the treasury in ETH has fed this last performance.
Moreover, a regulatory batch of the Securities and Stock Exchange Committee) received on August 5, 2025 after the organizational body explained that the liquid liquid of encryption principles does not violate the Securities Law.
Explore: 10+ encryption codes that can reach 1000x in 2025
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Pamphlet [LIVE] BTC collapses above 117K, the following 119K eyes, ETH breaks $ 4000 sign: Best purchase now has now appeared on 99bitcoins.
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