Bitcoin / TetherUS

11/08/25 Weekly Outlook

71
Last weeks high: $119,322.97
Last weeks low: $112,665.39
Midpoint: $115,994.18

BTC takes back the spotlight as the week ends! Breaking through the previous weeks high just hours after weekly close and stopping just shy of ATH. This rally comes off the back of a successful bounce from $112,000 area and mirrors the previous weeks drawdown almost perfectly setting up an interesting week ahead.

I am still wary of August seasonality, yes BTC and the broader altcoin market especially ETH have seen great gains so far this month but history shows August is not kind to the bulls;

August '24: -8.74%
August '23: -11.27%
August '22: -13.99%
August '21: +13.42%
August '20: +2.74%
August '19: -4.84%
August '18: -9.0%

Now history doesn't necessarily repeat itself but it does rhyme. Should BTC SFP and accept below the weekly high I would say a $115,000/ Midpoint retest is a logical move. RSI has been posting bearish deviations on HTF (1W&1M) which can suggest a shift in trend is coming but further proof of this would be needed before then

This week CPI & PPI take place on Tuesday and Thursday respectively. With a September interest rate cut on the horizon this data release may be more important than it has been in recent months so I'm keeping a close eye on the result.

Previous: 2.7%
Forecast: 2.8% (+0.1%)

For altcoins many have had great rallies, ETH predominantly after breaking through $4000, again many indicators are showing a local top is due so I am looking at price action context for any clues of a pullback to come, until then the trend is your friend.

Good luck this week everybody!
Note
There's the initial retest of the weekly high breakout, the bulls need a strong bounce here.

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