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