Bitcoin Price Climbs from $117K to $119K, Up 1.83%
Bitcoin price has extended its recent rally, rising to $117,008.80 (0.26% intraday gain) on August 8 and then jumping to $119,028.50 (1.83% gain) on August 10 on OKX. This breakout above key resistance levels highlights growing bullish momentum in the crypto market. Traders should watch trading volume and broader economic indicators to judge whether this trend can sustain further gains and fuel additional trading activity.
Bullish
The sequential rise of Bitcoin price past the $117,000 and then $119,000 thresholds reflects robust buying interest and a clear breakout above key resistance levels. In the short term, this momentum can attract additional traders and trigger further upside as stop orders trigger and momentum strategies enter the market. Over the longer term, sustained growth above these levels could signal a shift in market sentiment, encouraging institutional participation and reinforcing bullish market structure. However, traders should remain vigilant for pullbacks and monitor volume and macroeconomic signals to confirm ongoing strength.