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Bitcoin Short-Term Target and Medium-Term Forecast

 

The latest Bitcoin (BTC) forecast, as gathered from CoinEdition, presents a cautiously optimistic outlook for the cryptocurrency. In the short term (within a week), BTC is projected to target a price range of $116,200 to $118,000, reflecting a potential upside of 5-6%. Meanwhile, the medium-term forecast (one month) suggests a trading range between $108,000 and $122,000. A critical level for a bullish continuation is identified at $116,200, marked by the 38.2% Fibonacci resistance, while immediate critical support sits at $108,666, with a stronger support level at $108,324.

 

Current Market Sentiment and Technical Analysis

 

The analysis from August 24th underlines Bitcoin's resilience, as it successfully bounced from the $112,000 support zone. Analysts agree that the market currently exhibits neutral sentiment with balanced liquidity. Indicators such as the Money Flow Index (MFI) reading of 57 and Relative Strength Index (RSI) levels between 42-45 suggest that the market is neither oversold nor overbought, positioning Bitcoin for potential volatility in either direction.

 

Trading at $110,994, Bitcoin remains below the predicted resistance zones but is holding above the crucial $110,800 support level previously identified. This trading environment, as suggested by technical analysis, is typically antecedent to significant price movements. With BTC approximately 10% beneath its 52-week high, there exists room for upward momentum should bullish trends prevail.

 

Technical Indicators and Conflicting Signals

 

Currently, Bitcoin's RSI at 41.13 places it in a neutral zone, neither indicating oversold nor overbought conditions, which usually hints at trend continuation prospects. Conversely, the Moving Average Convergence Divergence (MACD) histogram at -714.0994 suggests a bearish momentum, creating a dichotomy that requires a nuanced analysis.

 

Bitcoin is also trading close to its lower Bollinger Band, with a %B reading of 0.1158, a historical support zone often sparking buying interest. This setup mirrors past consolidation patterns preceding major price moves. Volume analysis from Binance, noting a 24-hour trading volume of $1.83 billion, ensures adequate liquidity for institutional engagement. Moreover, the Average True Range (ATR) of $3,149 suggests typical volatility, neither indicating compression nor expansion.

 

Potential Bullish and Bearish Scenarios

 

In a bullish scenario, the key price target is $116,200, a level consistently highlighted by analysts. Breaking through this threshold could catalyze momentum towards $118,000, accounting for a 6.3% increase from current prices. Strengthening the bullish narrative further would be a Bitcoin reclaim of the 20-day Simple Moving Average (SMA) at $115,979, signaling a sentiment shift. Breaching $118,000 could target $122,465 (the upper Bollinger Band), suggesting a potential 10.4% gain.

 

Technical requirements for a bullish surge include RSI surpassing 50, a positive MACD histogram, and sustained trading volumes above average. The robust support from the 200-day SMA at $100,995 would provide a solid base for upward movements. Conversely, the bearish scenario involves BTC dipping below the immediate $108,666 support and approaching the $108,324 zone, marking a 2.4% downside risk.

 

A more severe bearish forecast projects Bitcoin testing the psychological level of $100,000, aligned with the 200-day SMA. This scenario necessitates continuous selling pressure and potential market deterioration. Risk factors involve persistent MACD divergence, RSI failing to maintain levels above 40, and declining volume during rallies. Exogenous events like regulatory changes or macroeconomic shifts could expedite bearish declines.

 

Trading Strategies and Risk Management

 

A layered entry strategy provides optimal risk-adjusted opportunities in the current BTC market. For aggressive traders, the existing price point of about $110,994 presents an entry with a stop-loss at $108,324, offering a favorable risk-reward dynamic. Conservative investors may await a confirmed breach of $112,000 with volume backing before entering trades, minimizing downside risks while still capturing upward movements towards the $116,200 target.

 

Position sizing should remain modest due to conflicting technical indicators. Allocating 2-3% of the portfolio allows for significant market exposure while managing risks. Scaling-in strategies are advisable, with additions during dips to $109,000-$110,000. Stop-loss orders should be placed below $108,000 for new positions to prevent losses, while profit-taking could start around $115,500, with comprehensive exit plans if BTC hits $118,000.

 

Conclusion and Key Monitoring Points

 

In conclusion, the current Bitcoin forecast offers a cautiously optimistic perspective with medium confidence, with Bitcoin primed for a test of the pivotal $116,200 resistance level within 7-10 days. Successful penetration of this threshold could propel prices toward $118,000. Crucial indicators to monitor include RSI surpassing 45, MACD histogram enhancements, and trading volumes exceeding $1.5 billion daily. A failure to breach the $116,200 resistance might lead to consolidation between $108,000 and $115,000.

 

This forecast spans a timeline of 2-4 weeks, with the first resistance test anticipated within a week. Traders must remain adaptable due to the inherent volatility in cryptocurrency markets, which can expedite or delay these predictions. The broader bullish outlook remains viable as long as Bitcoin holds above the $108,000 support, suggesting that dips towards this area are potential buying opportunities for technically driven trades.

 

The Aftermath of Powell's Jackson Hole Speech on Crypto Markets

 

The Jackson Hole symposium, a much-anticipated event in financial markets, saw Fed Chair Jerome Powell hinting at a potential shift in monetary policy. Initially, this dovish sentiment uplifted the cryptocurrency markets, propelling them to impressive highs. However, as the dust settled, the excitement waned, leading to a downturn in cryptocurrency values. This article will delve into the complexities of the situation and the subsequent impact on the crypto sphere.

 

Powell's Hints and Their Immediate Impact

 

During his speech at the Jackson Hole symposium, Fed Chair Powell addressed the dual mandates of managing inflation and employment. He acknowledged that the risks to inflation were "tilted to the upside," while employment risks were "to the downside." This admission suggested a possible adjustment in the Fed's approach to monetary policy, balancing these two critical aspects.

 

The notion of the policy rate moving closer to neutral and the stability in labor market indicators allowed the Fed some breathing room. This dovish outlook provided a temporary boost to major cryptocurrencies, with Bitcoin spiking to a high of $117,377 soon after Powell's remarks.

 

The Subsequent Decline in Crypto Value

 

Despite the initial rally following Powell's speech, the optimism was short-lived. Most cryptocurrencies, which had surged in response to the Fed Chair's hints, found themselves back in the red zone overnight. The overall cryptocurrency market capitalization fell by 2.8% to $3.87 trillion, although the 24-hour trading volume surged by 67% to $220 billion. This discrepancy often points to a volatile market, where increased trading activity does not necessarily translate into price stability.

 

Performance of Major Cryptocurrencies

 

Bitcoin, the flagship cryptocurrency, experienced a decline after its brief ascent. Trading at $111,569.87, it has fallen approximately 10% from its all-time high of $124,457.12 recorded in mid-August. Meanwhile, Ethereum dropped 3.5% overnight to $4,607.60, grappling with a 7% drop from its all-time high despite its week-long gains.

 

Other noteworthy cryptocurrencies such as XRP, BNB, Solana, and Dogecoin also felt the pinch of overnight losses. XRP, for instance, fell 3% to trade at $2.94, maintaining a significant gap from its peak values. The prevailing sentiment highlighted a broader market struggle amidst recent monetary and economic developments.

 

Spot ETF Outflows and Market Dominance

 

Spot ETF products experienced contrasting trends in inflows and outflows. Bitcoin Spot ETFs saw a decrease in outflows, from $194 million to $23 million over two days, with the iShares Bitcoin Trust topping the outflow chart. Conversely, Ethereum Spot ETFs enjoyed increased inflows with the Fidelity Ethereum Fund leading the surge. This dynamic reflects a nuanced investor sentiment towards these leading digital assets.

 

Bitcoin's dominance in the crypto market has diminished to 57.5%, while Ethereum holds a 14.4% share. The altcoin market comprises the remaining 28.1%, outlining the diversified nature of cryptocurrency investments despite current market corrections.

 

Future Outlook

 

As the cryptocurrency market continues to navigate through economic uncertainties and regulatory environments, the potential for volatility remains high. While Powell's speech at Jackson Hole hinted at a possible easing of Fed policies, the crypto sphere is still subject to broader financial trends and geopolitical factors that could sway investor confidence.

 

Investors and traders are advised to remain vigilant, keeping an eye on macroeconomic indicators and their implications for the crypto market. Diversification and informed decision-making will be key strategies in navigating the intricate landscape of digital assets amid ongoing global economic challenges.

 

Moomoo's parent company Futu Holdings Ltd., a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q2 2025 earnings. The Company reported impressive financial results with US$676.6 million in revenues, marking a significant increase of 69.7% year-over-year ("YoY"). Additionally, Futu achieved a remarkable 105.2% YoY growth in non-GAAP adjusted net income, reaching US$338.8 million.

 

Strong Growth in User Base and Client Assets

 

As of June 30, 2025, Futu reported robust performance in its user and client base. The Company registered 27.12 million users, along with 5.24 million brokerage accounts and 2.88 million funded accounts. Futu's total client assets soared to US$124 billion, reflecting a quarter-over-quarter ("QoQ") growth of 17% and an impressive 68% YoY growth. The Hong Kong market experienced strong net inflows, with average client assets increasing by double digits QoQ. Meanwhile, the Singapore market demonstrated significant user growth, where one in two residents is now a moomoo user.

 

Surge in Trading Volume

 

During Q2 2025, the Company's total trading volume across its platforms increased by 12% QoQ and 121% YoY, reaching US$457 billion. US equities achieved an all-time high with a trading volume of US$343 billion. Furthermore, markets in Singapore, Australia, Japan, and Canada reported historical highs in quarterly trading volumes.

 

Cryptocurrency and AI Drive Product Innovation

 

In Q2, Futu placed significant emphasis on cryptocurrency and Artificial Intelligence (AI) to fuel product innovation. Cryptocurrency assets on the Company's platform increased by 43% QoQ. Futu is prioritizing the expansion of its cryptocurrency services, with successful launches in Hong Kong and Singapore, and the introduction of Moomoo Crypto to US investors. The Company's strategy includes creating a seamless investment platform that integrates virtual assets with traditional finance.

 

In conjunction with its cryptocurrency initiatives, Futu launched services that support the complete virtual asset infrastructure lifecycle, including custody, matching, and trading. The Company also introduced cryptocurrency deposit and withdrawal services in Hong Kong and announced plans to explore tokenized money market fund trading services.

 

AI is another key focus, demonstrated by the launch of Moomoo AI, an AI chatbot designed to enhance users' investment decision-making. Moomoo Membership offers exclusive premium benefits and services, providing advanced tech-driven functionalities to users.

 

Platform Enhancements and Localization Strategy

 

Futu continues to enhance its platform to meet the diverse needs of investors. The Company introduced US stock options trading in Japan, IPO financing and earnings calendar features in Malaysia, and improved trading features across various platforms. Moomoo's US platform saw overwhelming interest in the Bullish IPO, ensuring all subscribers secured shares. Moomoo's app topped download charts for local stock trading apps in Australia, Malaysia, Singapore, and Hong Kong.

 

In response to the rising demand for cryptocurrency and options content, moomoo implemented dedicated educational sections within its app. By the end of Q2, the in-app community saw growth in active daily users and engagement, with almost two million visits to its free educational courses.

 

Recognition and Awards

 

Moomoo's localization strategies and product offerings have earned widespread recognition. In Malaysia, moomoo received awards from Bursa Malaysia as the "Top Broker - Highest Number of New Accounts" and "Top Broker - Highest Traded Value." In Australia, it received the "2025 Canstar Outstanding Value" awards across different investor categories, validating its commitment to a "customer-first" philosophy. In Singapore, moomoo was recognized with the "Fintech - Private Wealth Management" award at the SBR Technology Excellence Awards 2025.

 

About moomoo

 

Moomoo is a premier global investment and trading platform dedicated to equipping investors with advanced tools, data, and insights. The platform offers sophisticated charting tools and pro-level analytical features that evolve with its user base. Moomoo fosters a dynamic community where investors can learn, share, and grow together.

 

Headquartered in the US, moomoo has broadened its reach to serve investors across various markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, moomoo enjoys the trust of over 27 million investors worldwide, earning accolades from top financial institutions and publications for its innovation and dependability.

 

 

GigaCloud Technology Inc Announces New $111 Million Share Repurchase Program

 

In an assertion to leverage their market value and secure shareholder confidence, GigaCloud Technology Inc has unveiled a substantial $111 million share repurchase initiative. Such programs are a strategic maneuver in the corporate finance world, often seen as a move to boost shareholder value or indicate a company’s belief in its undervaluation by the market. Share repurchase programs can provide positive signals to investors, suggesting a company's robust financial footing and its commitment to returning value to its shareholders.

 

XXKK Exchange Unveils "First Deposit Bonus" Campaign

 

In parallel financial news, the global cryptocurrency trading platform XXKK Exchange has announced the commencement of its "First Deposit Bonus" campaign. This initiative is designed to attract new users by offering them a $3 USDT incentive upon their first deposit. While modest in value, this bonus can be particularly enticing for newcomers to the platform, providing them with a tangible offset for TradFi trading margins, capped at 20% per trade. The importance of such a campaign lies in lowering the entry barrier, enhancing the user experience, and potentially increasing platform adoption.

 

Understanding TradFi Contract Fees and Their Impact

 

Beyond the first deposit bonus, XXKK Exchange distinguishes itself through its exceptionally low TradFi contract fees, thereby delivering a cost-efficient route for digital asset trading. Lower fees can significantly impact a trader's profitability, particularly in high-frequency trading environments or when engaged in leveraged positions. Such a pricing structure allows traders to retain more of their earnings, essentially compounding their returns over time.

 

Details and Mechanisms of the Campaign

 

The campaign has certain highlights that are crucial for potential participants to understand. New users who deposit a minimum of 100 USDT become eligible for the $3 USDT bonus, which is automatically applied post-deposit. As is common in promotional offerings, these rewards are dispensed on a first-come, first-served basis, making early engagement advantageous. This aspect of immediacy can drive a rush of initial sign-ups and help lock in user commitment from the onset.

 

Emmalyn Speaks on XXKK's Vision

 

Emmalyn, representing XXKK Exchange, articulates the underlying motive: “Through our first deposit bonus and industry-leading low fees, we aim to provide new users with a highly efficient, convenient, and secure digital asset trading platform, enabling them to easily experience cryptocurrency investment." This statement reinforces the platform’s commitment to offering an accessible avenue for new entrants into the crypto trading space while promoting a secure and user-friendly experience.

 

An Overview of XXKK Exchange

 

XXKK Exchange is noted for its competitive TradFi contract trading features that support major cryptocurrencies, such as BTC, ETH, USDT, alongside a variety of leveraged offerings and blockchain investment strategies. Licensed by reputable authorities like the US MSB and the St. Vincent FSA, XXKK positions itself as a credible entity in the diverse and often volatile world of cryptocurrency trading. The exchange underscores its commitment to safety through advanced risk management systems, real-time monitoring, and dual-factor authentication to protect user assets.

 

Opportunities for New Users

 

For aspiring traders and investors, XXKK Exchange sweetens their offering with an opportunity to earn up to $8,888 through new user bonuses. Additionally, first-time depositors are entitled to a bonus and a 2% cashback on deposits, further incentivizing active engagement with the platform. Such promotions are not just strategic recruitment tools but essential in fostering a vibrant trading community.

 

Important Legal Disclaimers

 

It is imperative to acknowledge the inherent risks associated with investing in cryptocurrencies; such ventures are speculative and can result in significant financial losses. The disclosure and disclaimers provided alongside the promotional materials from XXKK Exchange emphasize the importance of conducting thorough due diligence and seeking independent financial advice before engaging in high-risk investments. The disclaimer serves as a reminder of the volatility in the blockchain space and the potential unpredictability of returns.

 

In conclusion, while the initiative announced by GigaCloud Technology Inc represents a conventional and strategic financial maneuver, the innovative campaigns by XXKK Exchange highlight the evolving landscape of cryptocurrency trading. Both endeavors reflect broader market dynamics and underscore the ongoing confluence between traditional finance and emerging digital asset platforms.