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๐ #Bitcoin Update โ August 5, 2025 ๐
BTC is currently trading around $63,450, showing signs of sideways consolidation after last week's high at $65K. ๐
๐น Support: $61,800 / $60,000
๐น Resistance: $65,000 / $68,300
๐น Trend: Neutral to Slightly Bullish
๐น Market Sentiment: Cautious Optimism
๐น Funding Rates: Balanced across major exchanges
๐ฐ Notable News:
โ ETF inflows remain steady
โ Miner selling pressure decreasing
โ Fed rate outlook dovish for Q4
๐ Watch for breakout above $65K for momentum toward $68K+. A drop below $60K could invalidate the short-term bullish structure.
๐ก Reminder: Volatility likely as CPI data drops later this week.
#Crypto BTC #BitcoinPrice CryptoNews