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Crypto Driver

08/05 04:41

Key Midterm Targets for BTC/USDT Bitcoin price ha

Key Midterm Targets for BTC/USDT

Bitcoin price has been trapped in a falling logarithmic trend since hitting its all-time high (ATH) around $122,296 on July 14, 2025. The midterm volatility is well-primed to heat up later this week amid high-impact news from the Bank of England (BOE), which is expected to cut its interest rate to 4 percent from 4.25 percent on Thursday.image-2-768x489.webp
In the four-hour timeframe, the BTC/USD pair rebounded from the lower border in the past 24 hours. A consistent close above $115k should trigger a midterm rally towards $117.8k. However, it is prudent to consider a potential retest of $112k before a rally towards ATH soon.
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