Bitcoin Don Rise Reach $118K, Now E Dey Range Between $116K And $120K
Bitcoin price first jump pass $118,000 for Binance USDT market, epp driven by more big company demand, clearer rules, halving scarcity, and macroeconomic wahala. The break pass previous $115,000 resistance come with multibillion-dollar 24-hour trade volume and make Bitcoin strong for crypto market. Recently, mix signals about US trade talks don slow down the rally. Treasury Secretary Janet Yellen talk say e fit change August 1 deadline to focus on real talks, but Commerce Secretary Gina Raimondo insist say dem go enforce tariffs from that day. This wahala make Bitcoin dey trade for small range $116,300–$120,000. Technical analysis show support near $116,300 and resistance around $120,000. For traders, the recent jump show say long-term HODL strategy dey work and e boost market confidence. But the current small range and US trade wahala mean say make dem dey careful. Short-term positions and profit-taking fit better pass aggressive buying. Traders suppose use dollar-cost averaging, set realistic targets, diversify holdings and dey sharp about rules and political issues.
Neutral
Di first surge wey pass $118K clearly show say market dey bullish, e come be because institutional demand, regulatory clarity and macro factors. But di wahala wey dey US trade negotiations and mixed govt signals don make Bitcoin dey stable between $116.3K and $120K. Dis kind cap on momentum mean say for short term e no too get chance to go up, so if person gats aggressive long position e fit get risk. Traders fit find say neutral condition suppose beta for short term trades and to take profit while dem dey wait for clearer catalysts.