{"id":41302,"date":"2025-08-09T12:01:52","date_gmt":"2025-08-09T12:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41302"},"modified":"2025-08-09T12:01:52","modified_gmt":"2025-08-09T12:01:52","slug":"live-btc-breaks-above-117k-eyes-119k-next-eth-breaks-4000-mark-best-crypto-to-buy-now","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41302","title":{"rendered":"[LIVE] BTC Breaks Above 117k, Eyes 119k Next, ETH Breaks $4000 Mark: Best Crypto To Buy Now"},"content":{"rendered":"
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BTC bulls helped stage a quick recovery on August 7, 2025, reclaiming the 117k level after a brief downward stint below the Bollinger Band support, in what analysts are calling a textbook \u201chead fake\u201d reversal, reigniting bullish sentiments as the best crypto to buy now.<\/p>\n

Now that bullish sentiments have reignited, traders are eyeing the 119k mark as the next major resistance zone. Moreover, according to the BTC heatmap data, liquidity clusters between $117.5k and 118k suggest that there might be a potential grind higher as traders continue to liquidate short positions.<\/p>\n

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\"btc<\/div>\n
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Bitcoin<\/div>\n
Price<\/div>\n
Market Cap<\/div>\n<\/div>\n
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BTC<\/div>\n
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$2.33T<\/div>\n<\/div>\n<\/div>\n<\/div>\n
24h<\/span>7d<\/span>30d<\/span>1y<\/span>All time<\/span><\/div>\n<\/div>\n

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Further to this, the daily CME futures gap has been filled, establishing a new support near $114k. In the background, there is a divergence forming between spot price action and ETF flows. Bollinger has flagged the setup as a possible trap for overzealous bears.<\/p>\n

According to CoinGlass\u2019s heatmap data<\/a>, the BTC is encountering mounting resistance in the growing liquidation clusters between 117.5k and 118k. On the flipside, downside bids are accumulating around 114k, a level reinforced by the completion of the CME futures gap.<\/p>\n

\"CoinGlass<\/p>\n

(CoinGlass Heatmap Data<\/a>)<\/p>\n

This level has historically served as a key point of convergence for spot prices, enhancing its credibility as a support base.<\/p>\n

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$BTC<\/a> liquidation map shows major long cluster at ~116000 (left) and short cluster at ~118000 (right). These act as price magnets, potential volatility drivers. Config: optical_opti. pic.twitter.com\/iJDczuolzG<\/a><\/p>\n

\u2014 TheKingfisher (@kingfisher_btc) August 9, 2025<\/a><\/p>\n<\/blockquote>\n