Here’s the latest on Bitcoin (BTC) as of August 8, 2025 📰:
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📈 Current Price & Market Sentiment
- Bitcoin is trading around $114,766, slightly down from its recent all-time high of $123,100.
- Short-term holders have reduced selling, suggesting a more balanced market.
- BTC faces critical resistance at the $114,400–$115,500 level. A breakout could push it toward $118,000 or even $120,000.
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🔮 Predictions & Analyst Outlooks
- Tom Lee (Fundstrat) projects BTC could reach $250,000 by year-end, citing institutional demand and market maturity.
- Other forecasts:
- Markus Thielen: $160,000