Recent developments in the cryptocurrency market indicate significant dynamics related to Bitcoin. Analysts note that Bitcoin's monthly RSI is forming a bullish 'W' pattern, while miners have realized substantial profits.
Bitcoin's RSI Analysis
Recent analysis from EGRAG CRYPTO shows that Bitcoin's monthly RSI is forming a bullish 'W' pattern, with a peak level around 89.00. This suggests that the current bullish cycle may soon come to an end. On the lower side, 38.00 is identified as a possible end of the bear market. Analysts highlight that the bullish outlook will remain valid as long as the RSI stays above 60. The timing of this cycle is crucial, with a retest of 60 deemed unlikely before higher levels are reached.
Miners' Profits
Analyst Ali Martinez shared data from CryptoQuant indicating that miners have maintained significant profits. As of August 14, 2025, their realized profit reached $37.08 million. The chart shows clear spikes in profit-taking, indicating that miners are strategically capitalizing on Bitcoin's price momentum. Despite volatility, their profitability continues to grow alongside price increases, with Bitcoin currently trading around $118,383, reinforcing their favorable position.
401(k) Crypto Access
SEC Commissioner Hester Peirce confirmed in an interview that 401(k) retirement accounts are now opening to Bitcoin and crypto. This change represents a significant shift for the $12.5 trillion capital pool of the U.S. 401(k) system. Analysts note that this development could drive major inflows into digital assets. The change expands access beyond crypto to private markets, marking a shift for the average American and promoting bullish sentiment for decentralized finance and real-world assets.
Current trends in the cryptocurrency market illustrate that Bitcoin remains a focal point, benefiting from growing investor and miner interest. With the potential for 401(k) access to cryptocurrency, new investment opportunities in digital assets emerge.
