7 Aug 2025, 19:40

ChatGPT’s BTC Analysis: Trump 401(k) Push Sets Stage for Explosive $118K Breakout

ChatGPT’s BTC analysis has revealed an extraordinarily tight consolidation at $116,704, marked by minimal -0.01% movement, which creates a textbook coiled spring setup. This comes as President Trump reportedly plans an executive order allowing Bitcoin investments in 401(k) plans , positioning BTC for a potential breakout toward $118,000 or a support test at $115,700 . ChatGPT’s BTC analysis synthesizes 18 real-time technical indicators, 401(k) executive order developments, corporate treasury trends, and institutional adoption metrics to assess Bitcoin’s 90-day trajectory amid a key inflection point between consolidation continuation and explosive breakout momentum. Technical Analysis: Textbook Coiled Spring Formation Bitcoin’s current price of $116,704 reflects a tight consolidation with minimal -0.01% daily movement, establishing the tightest trading range at historic levels with only $101 separation between $116,723 (high) and $116,622 (low). This 0.09% intraday range represents classic pre-breakout compression. The RSI at 63.04 sits in healthy bullish territory with substantial room for explosive upward movement without overbought concerns. Source: TradingView Moving averages reveal perfect bullish alignment with Bitcoin above all major EMAs: 20-day at $115,068 ( -1.4% ), 50-day at $115,266 ( -1.2% ), 100-day at $115,728 ( -0.8% ), and 200-day at $114,791 ( -1.6% ). This structure provides multiple support layers in ascending order. MACD shows an exceptional bullish structure at 325.09, well above zero with a positive histogram at 63.86 , indicating strong underlying momentum despite price stagnation. Source: TradingView Volume analysis shows extremely low activity at 64 BTC, typical of major move preparation phases. ATR at 114,321 indicates extreme volatility potential, creating a paradox between current stability and massive breakout capability. Historical Context: Consolidation After July Peak Recovery Bitcoin’s August performance demonstrates institutional patience following July’s recovery toward its $123,218 close, with current tight consolidation suggesting a major directional decision is imminent. The positioning above $116K validates institutional confidence despite broader market uncertainty. Source: TradingView January’s $109,588 start was followed by a February-March correction to $81,976-$82,381, establishing a spring accumulation foundation. Current pricing maintains just a 5.38% discount to the all-time high while securing extraordinary 240 million percent gains from the 2010 lows. This particularly shows both the proximity to records and proven long-term appreciation capacity. Support & Resistance: Strong Foundation Below Tight Range Immediate support emerges at today’s low around $116,622 , representing the floor of an extraordinarily tight consolidation range. This level provides immediate defense with a substantial EMA support structure below. Key support demonstrates exceptional strength with clustered EMAs: 100-day at $115,728 ( -0.8% ), 50-day at $115,266 ( -1.2% ), and 20-day at $115,068 ( -1.4% ). This confluence provides multiple institutional-grade support levels within a narrow range. Source: TradingView Resistance begins immediately at today’s high around $116,724 , followed by psychological $117,000 and major resistance at $118,000-$119,000 . Breaking above the tight range could trigger rapid momentum acceleration toward these targets. The technical setup suggests minimal downside risk given a strong EMA support cluster, while upside breakout from a coiled spring formation could produce explosive moves toward the $118K-$120K range. 401(k) Shift: Trump Executive Order Opens Retirement Access President Trump’s reported plans for an executive order allowing Bitcoin and cryptocurrency investments in 401(k) plans represent a transformative mainstream adoption catalyst. @realDonaldTrump is preparing to sign an executive order that would open the doors for 401(k) retirement plans to include exposure to crypto. #Trump #Crypto https://t.co/sBASeWQzdj — Cryptonews.com (@cryptonews) August 7, 2025 This development could unlock massive institutional capital flows from American retirement savings. The 401(k) access initiative addresses critical institutional adoption barriers, enabling millions of American workers to include Bitcoin in retirement portfolios. Galaxy’s CEO no tes that this could trigger massive BTC inflows fro m previously restricted pension fund territory. JUST IN: $10 BILLION GALAXY CEO MIKE NOVOGRATZ SAYS 401(K)s WILL BRING A "MONSTER AMOUNT OF CAPITAL" TO #BITCOIN "TONS OF MONEY" IS ABOUT TO "POUR IN." BUCKLE UP pic.twitter.com/3ZUECTx2J3 — The Bitcoin Historian (@pete_rizzo_) August 7, 2025 ChatGPT’s BTC Analysis: Bull Market Structure Intact ChatGPT’s BTC analysis reveals a resilient bull market structure despite tight consolidation, with technical indicators suggesting preparation for a major breakout. Not sure if anyone else called this move so accurately $BTC pic.twitter.com/gQ4VEijSZD — フ ォ リ ス (@follis_) August 7, 2025 The coiled spring formation at historic levels indicates institutional positioning ahead of catalysts. Speaking with Cryptonews, Shawn Young, Chief Analyst at MEXC Research, also noted that “the bull market thesis remains intact as long as Bitcoin holds above $100,000 and institutional demand doesn’t fade completely across digital assets.” Recent developments, including Sheetz gas stations offering 50% Bitcoin payment discounts, demonstrate growing real-world adoption momentum. Market Fundamentals: Dominance Maintained Despite Consolidation Bitcoin maintains overwhelming market dominance at 60.88% with a $2.32 trillion market cap, demonstrating institutional confidence during the consolidation phase. The 1.26% market cap increase accompanies a healthy 7.28% volume surge to $59.82 billion . The 2.53% volume-to-market cap ratio indicates moderate trading activity, suggesting institutional positioning rather than speculative activity. Source: CoinMarketCap The circulating supply of 19.9 million BTC represents 94.8% of the maximum 21 million token supply with minimal inflation from mining rewards. Maintaining market dominance above 60% demonstrates continued institutional preference and relative strength. Social Sentiment: Steady Confidence Despite Consolidation LunarCrush data reveals stable social performance with Bitcoin’s AltRank at 440 , indicating sustained community engagement during consolidation. Galaxy Score of 63 reflects building momentum around institutional developments and regulatory progress. Engagement metrics show substantial activity with 76.25 million total engagements and 253.77K mentions ( +91.64K ). $BTC – Would be a pretty wild prediction if this continues to play out. pic.twitter.com/PA9l7pAu9S — IncomeSharks (@IncomeSharks) August 7, 2025 Social dominance of 17.35% demonstrates continued attention during a tight trading range. Sentiment registers at a solid 77% positive, reflecting community optimism around 401(k) access, corporate adoption, and technical breakout potential. Three-Month BTC Price Forecast Scenarios 401(k) Catalyst Breakout (45% Probability) Executive order implementation combined with corporate treasury acceleration could drive explosive appreciation toward $130K-$140K , representing 11-20% upside from current levels. Source: TradingView This scenario requires sustained volume above 50K daily and a successful break above $117K resistance. Extended High-Level Consolidation (35% Probability) Delayed 401(k) implementation could result in continued tight consolidation between $115K-$118K , allowing institutional positioning while awaiting regulatory clarity. Source: TradingView This scenario provides for accumulation at elevated levels. Correction on Macro Headwinds (20% Probability) Unexpected macro deterioration could trigger selling toward $110K-$112K support levels, representing 5-8% downside. Source: TradingView Recovery would depend on institutional buying and eventual catalyst implementation. ChatGPT’s BTC Analysis: Institutional Infrastructure Meets Technical Perfection ChatGPT’s BTC analysis reveals massive convergence of institutional infrastructure development, technical coiled spring formation, and regulatory progress. Next Price Target: $130K-$140K Within 90 Days The immediate trajectory requires a decisive break above the $116,724 resistance to validate an explosive breakout from a coiled spring formation. From there, 401(k) access acceleration could propel Bitcoin toward the $130K psychological milestone, with sustained institutional adoption driving toward $140K+, representing new cycle highs. However, failure to break above the tight range would indicate extended consolidation toward $115K-$116K as the catalyst timeline extends, creating an optimal accumulation opportunity before the next institutional wave drives Bitcoin toward $200K+ targets. The post ChatGPT’s BTC Analysis: Trump 401(k) Push Sets Stage for Explosive $118K Breakout appeared first on Cryptonews .

7 Aug 2025, 19:39

BREAKING: Donald Trump’s Choice for Vacant Seat on the Fed Has Been Revealed – Here Are His Views on Bitcoin

The White House announced that President Donald Trump is preparing to nominate a new member of the Federal Reserve's board of governors. According to Bloomberg, Trump is considering Stephen Miran, known for his pro-cryptocurrency views, for the critical position. Trump previously appointed Miran to chair the Council of Economic Advisers, a key institution that directly advises the President on domestic and foreign economic policy. Miran's new appointment is seen as a strong signal that a second Trump term will see cryptocurrency technologies more integrated into economic policies. Related News: Today's Biggest Story That Went Unnoticed: Retirement Plans Could Trigger a Mega Bull Run If They Include Bitcoin — Here Are the Calculations In his past statements, Miran has highlighted the potential of digital assets in the economy. In his assessment of the matter, he said: “Crypto could have a big role in driving innovation and kickstarting another Trump administration economic boom.” This move by Trump, which goes in a direction opposite to the previous Biden administration, known for its anti-cryptocurrency policies, is being closely watched by markets. UPDATE: Donald Trump confirmed that he chose Miran for the position at the FED: “I am honored to announce that I have selected Dr. Stephen Miran, the current Chairman of the Council of Economic Advisers, to fill the vacant seat at the Federal Reserve until January 31, 2026. In the meantime, we will continue our search for a permanent replacement.” *This is not investment advice. Continue Reading: BREAKING: Donald Trump’s Choice for Vacant Seat on the Fed Has Been Revealed – Here Are His Views on Bitcoin

7 Aug 2025, 19:35

Royal Government of Bhutan moves Bitcoin worth $60 million to Cobo, supposedly to sell

The Royal Government of Bhutan has sent $60M in BTC to an exchange hot wallet. The probable sale arrives about a day after the country’s wallets started moving a portion of their reserves. The Royal Government of Bhutan most probably set aside $60M in BTC for sale, sending them to an exchange hot wallet. Initially, the coins were moved to a new intermediary address in two transactions. The intermediary wallet also sent out a test transaction to Binance, setting expectations for another round of selling. Later, Arkham Intelligence announced the coins were sent to a Cobo hot wallet. Cobo is an intermediary for holding coins as a trusted custodian, essentially breaking the chain of traceability for Bhutan’s BTC. Arkham Intelligence confirmed the transaction, the first significant outflow since July. CONFIRMED: Bhutan has moved $60M BTC to Cobo. The Bitcoin was moved to Cobo Hot Wallet at an average price of $116,557. Bhutan last sold Bitcoin from 10th-14th July, when they moved $59.42M BTC to Binance. Bhutan is still holding $1.26 BILLION BTC and has not moved anything… https://t.co/yNSIdA6Ypk pic.twitter.com/pfmK6TdAfI — Arkham (@arkham) August 7, 2025 Previously, the Royal Government of Bhutan sent out funds directly to Binance. The country still sits on around $1.26B in BTC, spread across several known wallets. The government sold just as BTC was recovering above $116,000 once again, extending its short-term gains. Bhutan’s move is seen as a gauge of highly visible whales and their readiness to hold. The sales came at a time when corporate treasuries were buying up BTC, while some short-term traders still realized gains at the top of the market. Is Bhutan still mining BTC? The balance of all of Bhutan’s wallets has declined slightly from its peak. However, the top wallets no longer show the regular daily inflows of BTC. Mining remains highly competitive even for powerful data centers. For hydroelectric miners, the dry season may also be an issue, as reliable energy is not available. At this point, the hashrate of Bhutan has not been announced. The last reward received from the Foundry pool dates back from nine months ago. Bhutan now holds 10,769 BTC, just behind North Korea with 13,562 BTC based on blockchain tracking. At the peak, Bhutan held around 13,350 BTC, selling some at prices starting above $90,000. The lack of new inflows or a rising balance of the country’s treasury suggests mining may be off the table for a few months. Bhutan started mining back in 2019, but only confirmed its reserves after a few years. The BTC treasury at its highest point made up 40% of the country’s GDP. Even with no mining, Bhutan has made most of the treasury’s value by waiting for years, selling only a few hundred BTC at local market peaks. Royal Government of Bhutan may attempt to rebuy BTC The balances of Bhutan do not remain passive. At one point in May, balances decreased to under 8,000 BTC. The Royal Government of Bhutan shows big shifts in its balance, suggesting some of the BTC was sold and rebought at a lower price. | Source: BTC Treasuries Later, more coins were added, with signs of re-buying attempted at a lower price. The country’s reserves are big enough to produce short-term gains if some of the coins enter active trading. In the past month, the country moved a total of 650 BTC , with over $74M in proceeds from Binance. Other transfers suggest the country may have re-bought some of the coins during the dip. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

7 Aug 2025, 19:29

WHITE HOUSE GEARS UP FOR TRUMP TO NOMINATE MIRAN TO FED BOARD: BBG :

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7 Aug 2025, 18:49

Union Jack Oil Explores Bitcoin Mining to Monetize Stalled Gas Wells and Potentially Establish a Corporate Bitcoin Treasury

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7 Aug 2025, 18:30

Paxos Trust Pays $48.5M to Settle Binance-Linked New York Case

Paxos Trust has agreed to pay $48.5 million after New York regulators said the company failed to stop illegal activity connected to the cryptocurrency platform Binance. The case brings fresh attention to how digital currency firms are being watched more closely by state authorities. New York Says Paxos Missed Red Flags In a major development, New York’s Department of Financial Services said Paxos Trust did not do enough to keep illegal transactions off its platform while working with Binance. The company once helped issue Binance USD, a digital coin tied to the value of the U.S. dollar. Regulators said Paxos did not have proper systems in place to spot suspicious transactions. They also said the company failed to report issues to top management. As a result, about $1.6 billion in transactions flowed through Binance between 2017 and 2022, involving scams, people on sanctions lists, and users of darknet websites. Some of the deals included people already flagged by U.S. officials. The state ordered Paxos to look into the issue in more detail. After a review, the company was told to stop offering Binance’s coin in early 2023. The business relationship between Paxos and Binance was later ended. Paxos Trust to Spend Millions on Fixing Compliance Gaps As part of the settlement, Paxos Trust will pay $26.5 million as a fine. The company will also spend $22 million to fix and improve its compliance systems. New York officials said the problems at Paxos were serious and pointed to a larger lack of proper controls inside the company. Paxos said no customer accounts were affected and that it has fixed the problems raised by the state. The company also said users were not harmed during the time of the reported failures. In related news, the United States Department of Justice (DOJ) is considering a retrial for Tornado Cash developer Roman Storm after a partial verdict left two major charges unresolved. Binance Avoids Charges in This Case But Faces Other Legal Trouble Binance was not charged in the New York case, but it is still under legal pressure. In late 2023, Binance admitted to breaking federal rules and agreed to pay a fine of over $4 billion. This included violations of anti-money laundering and sanctions laws. In April 2025, the Securities Commission paused a separate case against Binance. Still, the Paxos Trust settlement shows that New York is taking steps to hold crypto companies accountable. The post Paxos Trust Pays $48.5M to Settle Binance-Linked New York Case appeared first on TheCoinrise.com .