Bitcoin schließt sich in einer Stimmung des Risikos in Rekordhöhe ein

Getting close to ATH is exciting but also a point where volatility can spike hard. Worth keeping an eye on volume and macro news.

tldr; Bitcoin is approaching its mid-July record high of $123,181.77 amid risk-on sentiment driven by expectations of a September Federal Reserve rate cut. On August 11, Bitcoin briefly surpassed the 161.8% Fibonacci extension level at $122,056.92, reaching $122,318.66 before retreating. A rise above this level could push Bitcoin to new highs, with the next Fibonacci extension at $143,519 as a medium-term target. Support levels include $121,012.09, $120,271.13, and $119,836.23, while a bearish reversal could revisit lower levels like $116,195.25.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Some people look at it as a risk-off asset. I’ll name a few: Paul Tudor Jones, me, Stanley Druckenmiller, Bill Miller, Michael Saylor, Jack Dorsey, Saifedean Ammous, Lyn Alden, Cathy Woods …