Bitcoin Price Surpasses $115,000 Following Executive Order on 401(k) Investments
Bitcoin has risen above $115,000, briefly crossing $117,000 on August 8. This surge follows U.S. President Donald Trump's executive order allowing cryptocurrency investment in 401(k) plans.
Key Insights on Bitcoin Price Movement
- Analyst Titan of Crypto predicts potential return to record-high near $122,800.
- Bitcoin's upward trend began in April 2025, recently bouncing off an ascending trendline.
- The price has filled a Fair Value Gap (FVG), indicating liquidity recovery.
- Kijun-sen indicator, around $118,000, represents a critical support/resistance level.
- A close above the Kijun-sen could signal a bull run resumption.
- Chikou Span remains bullish, supporting an overall uptrend.
Current Bitcoin Price
Bitcoin is currently priced at approximately $116,880, showing over a 3% increase weekly according to CoinGecko data.
