Bitcoin Analyst Builds BTC’s Bullish Case After Binance Volume Spike, Fed Liquidity Surge
August 3, 2025 · 5:00 PM
Bitcoin's price fell below $115,000 on August 1, dropping further to around $112,600 amid concerns following President Trump's nuclear threat. Despite this decline, analysts suggest that Bitcoin may still have potential for another upward movement before reaching its cycle peak. On-chain analyst Amr Taha noted a significant increase in Bitcoin's spot volume on Binance, which historically correlates with price reversals or local bottoms.
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