Table of Contents:
Bitcoin recovers to $114,000: Technical signals point to further gains
According to FinanzNachrichten.de, Bitcoin has rebounded from a brief dip to $112,000 and is now trading at $114,000. This movement followed weaker-than-expected ISM Services PMI data, which caused volatility in the markets. Despite the dip, the medium-term structure remains intact, and both Ethereum and the altcoin market are showing early signs of a potential altcoin season.
The inverse head-and-shoulders pattern on the daily chart remains stable, with the neckline defended at around $112,000. Initial target zones are now between $120,000 and $137,000. In the short term, liquidity data points to potential stop-loss zones above the current price, which could attract the price upwards. A short-term pump towards $120,000 would not be surprising, while the long-term cycle target remains at approximately $137,000. This level is seen by many market participants as a possible top region, where significant profit-taking or even short positions could be considered.
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Ethereum is also showing strength, with the ETH/BTC pair testing a long-term resistance multiple times and potentially breaking out soon. If this scenario occurs, a move of 12 to 14 percent against Bitcoin is conceivable. In the USD chart, the short-term target is around $3,900 to $4,000. The altcoin market is also showing early signs of a possible altcoin season, as Bitcoin dominance begins to turn downwards. Historically, strong but often short-lived altcoin runs have followed BTC peaks, so caution is advised, especially with illiquid projects.
| Asset | Current Price | Short-term Target | Long-term Target |
|---|---|---|---|
| Bitcoin | $114,000 | $120,000 | $137,000 |
| Ethereum | n/a | $3,900–$4,000 | n/a |
Another sign of the current market cycle is the massive investment in new cryptocurrencies, such as Bitcoin Hyper—the first Layer-2 chain on Bitcoin integrating the Solana Virtual Machine (SVM). Over $7.3 million has been raised in the presale, with the token price currently at $0.01255. Only a few hours remain at this price level. Bitcoin Hyper combines Bitcoin security with Solana performance, allowing BTC to be bridged into a wrapped version for use within the Hyper ecosystem for DeFi, games, RWAs, or meme coins. HYPER serves as the gas token for transactions and smart contract execution, as well as for staking and future governance.
- Bitcoin recovers to $114,000 after volatility
- Inverse head-and-shoulders pattern remains intact
- Ethereum and altcoins show signs of strength
- Bitcoin Hyper presale raises over $7.3 million
Key Takeaway: Bitcoin’s technical structure remains bullish, with targets up to $137,000. Ethereum and altcoins are gaining momentum, and new projects like Bitcoin Hyper are attracting significant investment. (Source: FinanzNachrichten.de)
Three weeks of daily protest in front of the ECB: A one-man Bitcoin revolution
Frankfurter Rundschau reports on Neo Anders, formerly known as Oskar Hassel, who is staging a three-week daily protest in front of the European Central Bank (ECB) in Frankfurt. From August 1st, the so-called Bitcoin Independence Day, to August 21st, the Bitcoin Infinity Day, he stands with a new sign each day, advocating for a fundamental change in monetary policy and promoting Bitcoin as a fairer alternative to traditional money.
Neo Anders, who identifies as a "Digital World Citizen," lives "decentrally" and tries to avoid using conventional money. He believes that Bitcoin could make the world more just, a view shared by others. On Thursday, one Bitcoin was worth about €100,000, nearly double its value from the previous year when Neo last protested at the ECB. The local community has become familiar with him, and even the staff at nearby restaurants support him during hot days. His protest is peaceful, and the relationship with ECB staff remains good. Neo sees all societal problems as stemming from the quality of money, arguing that Bitcoin, with its global cap of 21 million coins, changes this quality by moving away from inflation. This, he claims, encourages saving over consumption and increases the value of Bitcoin.
“The revolution will be decentralized.” – Neo Anders
- Neo Anders protests daily for three weeks in front of the ECB
- He advocates for Bitcoin as a solution to inflation and societal issues
- Bitcoin’s value has nearly doubled in a year, reaching €100,000
Key Takeaway: Neo Anders’ protest highlights the growing grassroots support for Bitcoin as an alternative to traditional monetary systems, emphasizing its potential to address inflation and promote fairness. (Source: Frankfurter Rundschau)
“No one wants to live here. We are trapped”: The impact of Bitcoin mining farms on local residents
Merkur details the negative effects of Bitcoin mining farms on residents in regions such as Texas, Arkansas, and Dresden (USA). The constant drone of cooling systems, health problems, and declining property values are daily realities for those living near these facilities. Bitcoin farms use specialized ASIC devices that require enormous computing power and energy, resulting in significant heat and noise. These farms are often located in areas with cheap electricity, but increasingly appear in rural US and European communities, sometimes right next to homes.
Residents describe the noise as a “constant drone,” with Cheryl Shadden from Granbury, Texas, reporting noise levels of 85 decibels—comparable to a vacuum cleaner or chainsaw. In Arkansas, levels above 100 decibels have been measured, which typically require hearing protection. The health impacts are severe: Virginia Browning, over 80 years old, says she “can’t get a night’s rest” due to the noise, suffering from sleep disturbances, chronic headaches, and stress. Property values have plummeted, with Shadden stating her home’s value dropped by 75%. Many residents feel abandoned by authorities, as local laws often protect the mining operations.
Animals are also affected, with dogs in Texas reportedly pulling out their own fur due to stress. While noise protection laws exist in countries like Germany and the US, enforcement is difficult. Non-profits and consumer advocates are calling for stricter regulations and the adoption of noise-reducing technologies, such as liquid cooling or sound barriers, which are often not implemented due to cost.
- Constant noise from Bitcoin farms reaches up to 100 decibels
- Residents report severe health and psychological impacts
- Property values have dropped by up to 75%
- Animals also suffer from the noise
- Calls for stricter regulation and better technology
Key Takeaway: Bitcoin mining farms can have devastating effects on local communities, causing health issues, property devaluation, and social isolation. Stricter regulations and technological solutions are urgently needed. (Source: Merkur)
Bitcoin whale awakens: Will an early investor liquidate 3,000 BTC?
BTC-ECHO reports that after 10 years of inactivity, a Bitcoin whale has moved 3,000 BTC, worth approximately $350 million, from 30 different addresses to a series of new, more modern Bitcoin addresses. This has sparked speculation in the crypto community about whether the coins will be sold. At the time of writing, Bitcoin is trading at $116,700, up 0.8% from the previous day. Ethereum and XRP have recently shown stronger gains.
The identity of such whales is usually unknown, with some believed to be solo miners or early investors. Some very old addresses are even rumored to be linked to Satoshi Nakamoto, who is said to own over 1.1 million Bitcoin. Large whale transactions often indicate a desire to cash out some fiat gains, but in this case, none of the new addresses have been linked to an exchange, suggesting it may just be a transfer. Even the sale of 80,000 BTC by another mega-whale through Galaxy Digital had little impact on the Bitcoin price, according to Galaxy CEO Mike Novogratz, who attributed the timing to a period of high buying activity.
| BTC Moved | Value | Current BTC Price | Price Change (24h) |
|---|---|---|---|
| 3,000 BTC | $350 million | $116,700 | +0.8% |
Key Takeaway: A dormant Bitcoin whale has moved 3,000 BTC, but no exchange involvement has been detected. The market impact is expected to be minimal, as seen in previous large transactions. (Source: BTC-ECHO)
Bitcoin price on record chase: Analyst sees parallels to 2024
Cointelegraph reports that the Bitcoin price is at an “interesting point” that could lead to significant gains if a key support holds. According to a new analysis by trader Galaxy, BTC/USD could repeat its late 2024 breakout, potentially rising by another 50%. The analyst notes that, similar to November 2024, Bitcoin needs to overcome a key resistance and turn it into support to clear the way for further gains. The current trendline is upward, but the overall economic environment is less favorable due to concerns about US trade tariffs.
Analysts agree that a repeat of the 30% drop seen after the January 2024 high of $109,300 is unlikely. Instead, this previous high is now seen as the ultimate support. The formation of “swing lows” below $112,000, as seen in April and June, has historically marked market bottoms. Altcoins like XRP and Ethereum are gaining strength against Bitcoin, while Bitcoin Hyper aims to combine the advantages of Bitcoin and Solana in a Layer-2 network. Bitcoin Hyper has raised $7.5 million in its public presale just 2.5 months after launch.
- Bitcoin could rise another 50% if key support holds
- Previous high of $109,300 now seen as strong support
- Altcoins and Layer-2 projects like Bitcoin Hyper are gaining traction
- Bitcoin Hyper presale has raised $7.5 million
Key Takeaway: Technical analysis suggests further upside for Bitcoin if support holds, with altcoins and new Layer-2 projects like Bitcoin Hyper also attracting attention and investment. (Source: Cointelegraph)
Bitcoin forecast: VanEck explains spectacular investment case
Wallstreet Online presents the latest analysis from asset manager VanEck, which outlines a bullish investment case for Bitcoin in 2025. VanEck highlights Bitcoin’s similarities to gold, such as its limited supply and function as a store of value, while also emphasizing its technological advantages. The maximum supply of 21 million coins and regular halvings are seen as key drivers for potential price increases, with historical data showing that such supply reductions often lead to strong price gains.
VanEck also points to growing adoption: more merchants accept BTC, user-friendly wallets and exchanges make access easier, and institutional investors are increasing their exposure. Approximately $196 billion in Bitcoin is already held by ETFs, companies, and states. Layer-2 technologies like the Lightning Network and the new RGB protocol could further enhance scalability and functionality, including the issuance of digital assets directly on the Bitcoin blockchain.
Inflation protection is cited as a central argument. With global money supply increases and resulting loss of purchasing power, Bitcoin’s fixed supply and decentralization offer a systemic advantage over fiat currencies. Even a small allocation to Bitcoin in a traditional 60/40 portfolio can significantly improve cumulative returns without greatly increasing volatility. In eight of the past eleven years, Bitcoin has been the best-performing asset class. Its divisibility and transaction transparency make it a modern competitor to gold, with the potential to become the central store of value in the digital age.
“Due to the advantages of Bitcoin such as divisibility and transparency, we see it as a competitor to gold and believe it will gain even more acceptance among private and institutional investors.” – VanEck analysts
Bitcoin Hyper is also mentioned as an ambitious Layer-2 solution, aiming to bring speed, scalability, and programmability to the Bitcoin ecosystem. The ongoing presale has already raised more than $7.6 million, with the HYPER token serving as the network’s gas currency, staking asset, and governance tool. The project’s technical orientation suggests it is intended as a structural development step for the BTC ecosystem, not just a short-term hype.
- VanEck sees Bitcoin as a strong long-term investment
- Key drivers: limited supply, halvings, growing adoption, inflation protection
- Layer-2 solutions like Bitcoin Hyper are expanding Bitcoin’s capabilities
- Bitcoin Hyper presale has raised over $7.6 million
Key Takeaway: VanEck’s analysis underscores Bitcoin’s potential as a store of value and inflation hedge, with technological advancements and new projects like Bitcoin Hyper further strengthening its investment case. (Source: Wallstreet Online)
Sources:
- Bitcoin erholt sich auf 114.000 USD: Technische Signale deuten auf weitere Gewinne hin
- Dieser Mann demonstriert drei Wochen lang täglich vor der EZB
- „Niemand will hier leben. Wir sind hier gefangen“: Dorfbewohner müssen mit Dauer-Lärm leben
- Bitcoin-Wal erwacht: Liquidiert ein Frühinvestor jetzt 3.000 BTC?
- Bitcoin-Kurs auf Rekordjagd wie 2024 – Krypto-Analyst sieht Parallelen
- Bitcoin Prognose: VanEck erklärt spektakulären Investmentcase
