Bitcoin Market Update and Setup Thursday 8/7/2025
- Aug 7, 2025
- 2 min read
Bitcoin and Bitcoin Dominance (BTC.D) are both showing indecision. BTC.D is forming a wedge pattern, and a bearish breakout looks likely. If this happens, we can expect a strong decline in BTC.D — which historically favors altcoins and encourages a risk-on environment.
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