Crypto Daily
2025-09-08 12:36:57

Bitcoin (BTC) Holds Key Support with Technicals Pointing to Further Bull Run

Bitcoin has stabilized after a volatile August, trading firmly above critical Fibonacci retracement levels ($113,836–$115,864). The MACD histogram flipped positive (+123.45) for the first time in weeks, while the 7-day RSI (50.43) remains neutral — a combination that signals technical resilience without tipping into overbought territory. This analysis is powered by Outset PR , the data-driven communications agency which constantly monitors market trends to craft stories with real market fit. Just as traders rely on technical levels to gauge momentum, Outset PR applies the same precision to ensure crypto projects stay relevant and visible in shifting conditions Bulls Defend Key Support, the Next Test is Fibonacci Resistance The $110,000–$113,000 zone has proven to be a strong support cluster since August 2025, attracting dip-buying each time BTC approached this range. By holding this zone, bulls reinforced confidence and drew in short-term traders, with 24h trading volume rising 14.18% to $28B. Source: coinmarketcap Bitcoin is now pressing against the upper Fibonacci band at $115,864. A decisive breakout here could pave the way for a rally toward $120,400 (23.6% Fib level), a level that would likely trigger momentum-driven buying and potentially trap short positions. The $115K–$116K area is critical in determining whether the latest bounce evolves into a fresh bull leg, or if it simply invites another round of profit-taking. Technical Momentum Turns Up Momentum indicators add weight to the bullish case. The MACD histogram turning positive signals renewed upside drive, while the RSI at 50.43 leaves room for further gains before conditions become overheated. BTC has space to run higher without triggering overbought alarms, creating favorable conditions for bulls to test higher resistance levels. A breakout above $115,864 would likely confirm the start of another leg toward $120K+. Still, the 30-day trend remains negative (-4.63%), reflecting that macro risks — from monetary policy shifts to liquidity squeezes — are not entirely behind the market. For now, though, BTC’s technical resilience and improving sentiment tilt the balance toward further upside. Outset PR Crafts Clarity Amid Market Shifts Just as BTC traders rely on support clusters and resistance levels to gauge direction, crypto projects navigating volatile markets need communications strategies that provide clarity and momentum. This is where Outset PR stands out. Outset PR operates like a data-powered workshop, tailoring campaigns around market fit, discoverability, domain authority, conversion potential, and timing. Instead of templated PR blasts, the firm crafts narratives that unfold naturally and build trust. Its proprietary traffic acquisition technology amplifies reach by combining editorial placements with SEO and lead-generation. Results include: ChangeNOW expanded its customer base by 40% through campaigns integrated with Google Discover. Step App boosted engagement in the US and UK, aligning with a 138% surge in FITFI token value. Choise.ai achieved a 28.5x token gain thanks to precisely timed storytelling. In markets where volatility can swing sentiment overnight, Outset PR provides C-level clarity and measurable results, ensuring projects remain visible, credible, and aligned with market momentum — just as Bitcoin seeks to confirm its breakout above $115K. You can find more information about Outset PR here: Website: outsetpr.io Telegram: t.me/outsetpr X: x.com/OutsetPR Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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