The post Bitcoin Faces Potential Head Fake Amid Resistance at $117K and Weak Support Levels appeared on BitcoinEthereumNews.com.

Bitcoin is currently experiencing a potential head fake after briefly surpassing $115,000. Resistance is at $117,000, with weak support zones increasing downside risks. The current resistance level is around $117,000, with limited support between $113,000 and $108,000. Increasing trade tensions and policy changes contribute to market volatility and uncertainty. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Bitcoin shows signs of volatility with potential head fake risks as it faces resistance at $117K. Stay updated on market trends! ‘, ‘ 🔥 The Power of the TRON Ecosystem is Yours!Click now to discover exclusive opportunities! ‘, ‘ 💎 Profit Opportunities on the TRON NetworkJoin now to strengthen your investments! ‘ ]; var adplace = document.getElementById(“ads-htx”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexHtx”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesHtx.length) : sessperindex; adplace.innerHTML = adscodesHtx[adsindex]; sessperindex = adsindex === adscodesHtx.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexHtx”, sessperindex); } })(); Resistance Level Current Price Support Levels $117,000 $114,311 $113,000 – $108,000 What is the Current Situation of Bitcoin? Bitcoin is currently facing a potential head fake as it briefly surpassed the $115,000 mark. The current price is around $114,311, with significant resistance at $117,000 and weak support zones below. Why is Bitcoin’s Price Fluctuating? The fluctuations in Bitcoin’s price are largely due to a Bollinger Band Squeeze, indicating increased volatility. Experts suggest that this could lead to…

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Filed under: News - @ August 8, 2025 1:26 am