The price of the Bitcoin currency increased by around 1% to $ 117,500 in the last 24 hours, as the currency has a market value of 2.34 dollars and a daily negotiation volume of $ 58.4 billion. The price is 3.6% in a week and is close to $ 120,000, while institutional demand and market movements are restored to draw the form of previous price cycles.
Change of market courses
Bitcoin extraction bonuses, which occur every 4 years, show that the price increases considerably after almost a year of each event – change indicators. In 2024, the Bitcoin Prize reached $ 73,000 in March before the climax of the usual cycle, and analysts claim that this change is awarded to BTC ETFs in the United States and increased institutional interest and the market structure which has become more mature.
This has happened in the past, when the price of bitcoin has decreased by 70% and 80% in previous sessions. As for this moment, the most important correction process of the price in the downward direction has reached 26%. Consequently, experts like Ryan Chow expect Solv Protcol and Matt Hougan from Bitwise that the price will decrease in the future by 30% and 50%, and that the attractiveness of currency before investors increases in the long term. In the event that the course is about to refract, the price of bitcoin can attend more sustainable and volatile gains in the years to come.
Digital realization stocks and the wider adoption of blockchain techniques
In addition, adoption trends help increase the attractiveness of Bitcoin. The Kraken platform has launched the XSTOCKS product, which is a 1: 1 digital actress covered at 1: 1 and available at a price from $ 10, and this product is now available in the Middle East, Asia and Latin America and will soon be available in Europe. The platform also launched a reduction card to buy shares directly from stock market sales or digital currencies. During the last month, the price of Tesla Tokens-Tlax increased by 102.9%, reflecting the rapid growth of this sector.
At the same time, the Coinbase added exchanges via decentralized trading platforms (DEX) to its USA application, except New York.
From now on, users can negotiate on Uniswap and Aerodrome and other decentralized trading platforms without leaving the Québis platform, and they can exchange currencies associated with projects such as reserve protocol and virtuals of AI agents directly on blockchain, which provides self-prudry and increases access to currencies in the Crapeto world.
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Moving now, starting in the United States (eg NY). pic.twitter.com/yo5tw04js9Jamming
(@Coinbase) August 8, 2025
Technical view of Bitcoin: target $ 120,000
The expectations of bitcoin prices seem positive on the daily graphic scheme, where the price is currently testing the upper limit of the emerging flag model, which is formed after the emerging wave in July, which reached the price of $ 123,250.
The price is supported by the upward trend and the average average movement index for 50 days at $ 113,435, and recent gains came from the reversal of the Fibonacci correction level 0.382 to $ 113,678.
In terms of Momentum indicators, the RSI index has gone from the neutral area for almost 55 years without entering the excess purchase zone, while the MacD index is on the intersection point on the steering line, which can improve positive impetus.
And if the price succeeds in the closure higher at the level of $ 117,335, this can open the way to target the peak at $ 123,250, then $ 127,000 if the momentum continues. For its part, the support levels are concentrated between $ 113,400-113,600, and any drop can constitute a scale of $ 116,500-117 300 at entry for merchants, while creating suspension orders below $ 113,400. In the event of confirmation of penetration, the price can run around $ 130,000, driven by institutional investments, organizational clarity and increase the adoption of blockchain.
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Has expectations of Bitcoin-BTC prices after increasing by 3.6%, approaching the level of $ 118,000, up to $ 120,000 later? APPLERDIRST on Arab Cryptonews.