Are we finally about to see Bitcoin break out this August, or is more chop ahead?
2 extracted signals · 1 resolved · 1 still active
EQ.Trades05 Aug 2025, 00:33 UTC
AI-generated source summary
The video provides a technical analysis of Bitcoin and Bitcoin dominance to predict altcoin season. On the BTCUSDT chart, the presenter notes a bearish crossover on the 1H chart which could lead to a pullback to $113,000 - $112,000. The 4H chart shows a bullish crossover; and a potential pullback may test the $112,000 level, confirming a double bottom and bullish divergence. There is a long-term SR flip testing an upward trending support. The price is holding within the epic golden pocket, and resistance is around 122000. A break of the range could lead to a move to $133,000-$140,000. For Bitcoin dominance (BTCD), consolidation is occurring, with a breakout and resistance confirmations. If dominance breaks down to 55%, it could mean a retest to levels of November-December 2024. A break below 54% potentially sees a move to the 40% range, which could result in more money flowing to altcoins, L1, L2, and L3 tokens.
AI-generated summary based on the source content.
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2 eligible signals linked to this case.
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1 signal remains active.
Signals in this source
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