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BTC Price Prediction: Bitcoin Eyes $118,000 Target as Key $116,200 Resistance Looms

August 28, 2025
in Blockchain
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Rebeca Moen
Aug 27, 2025 10:04

BTC worth prediction reveals potential rally to $118,000 if Bitcoin breaks above important $116,200 resistance, with bearish situation concentrating on $108,000 help ranges.





BTC Worth Prediction Abstract

• BTC short-term goal (1 week): $116,200-$118,000 (+5-6% upside potential)
• Bitcoin medium-term forecast (1 month): $108,000-$122,000 buying and selling vary
• Key degree to interrupt for bullish continuation: $116,200 (38.2% Fibonacci resistance)
• Crucial help if bearish: $108,666 (quick) / $108,324 (sturdy help)

Current Bitcoin Worth Predictions from Analysts

Current Bitcoin forecast knowledge from CoinEdition reveals a cautious however optimistic outlook for BTC. The most recent BTC worth prediction from August twenty fourth recognized $116,200 because the important resistance degree, coinciding with the 38.2% Fibonacci retracement. This evaluation confirmed Bitcoin efficiently bouncing from the $112,000 help zone, demonstrating resilience within the present market construction.

The consensus amongst analysts factors to a impartial market sentiment with balanced liquidity circumstances. The Cash Movement Index studying of 57 and RSI ranges between 42-45 on shorter timeframes recommend the market is neither oversold nor overbought, creating circumstances for a possible breakout in both route.

Evaluating these predictions with present technical knowledge, Bitcoin is now buying and selling at $110,994, barely under the anticipated resistance zones however sustaining its place above the important $110,800 help degree recognized in earlier forecasts.

BTC Technical Evaluation: Setting Up for Potential Breakout

The present Bitcoin technical evaluation reveals a compressed buying and selling setting that sometimes precedes vital worth actions. With BTC buying and selling at $110,994, the cryptocurrency sits roughly 10% under its 52-week excessive of $123,306, indicating room for upward motion if bullish momentum emerges.

The RSI studying of 41.13 locations Bitcoin in impartial territory, suggesting neither oversold nor overbought circumstances. This positioning typically precedes development continuation strikes. Nonetheless, the MACD histogram at -714.0994 reveals bearish momentum, making a conflicting sign that calls for cautious evaluation.

Bitcoin’s place relative to the Bollinger Bands (%B at 0.1158) signifies the cryptocurrency is buying and selling close to the decrease band help, traditionally a zone the place shopping for curiosity emerges. The present setup mirrors earlier consolidation phases that preceded vital worth actions.

Quantity evaluation from Binance reveals $1.83 billion in 24-hour buying and selling exercise, offering sufficient liquidity for institutional participation. The Common True Vary of $3,149 suggests regular volatility ranges, neither compressed nor prolonged.

Bitcoin Worth Targets: Bull and Bear Eventualities

Bullish Case for BTC

The first BTC worth goal in a bullish situation focuses on the $116,200 resistance degree, which has been constantly recognized in current analyst predictions. A decisive break above this degree would seemingly set off momentum towards $118,000, representing a 6.3% upside from present ranges.

The bullish case strengthens if Bitcoin can reclaim the 20-day SMA at $115,979, which might sign a shift in short-term sentiment. Past $118,000, the subsequent vital resistance seems at $122,465 (higher Bollinger Band), providing a possible 10.4% acquire.

Technical necessities for the bullish situation embrace RSI transferring above 50, MACD histogram turning constructive, and sustained quantity above the present each day common. The 200-day SMA at $100,995 offers sturdy foundational help for any upward transfer.

Bearish Threat for Bitcoin

The bearish situation for this Bitcoin forecast includes a breakdown under the quick help at $108,666. Such a transfer would seemingly goal the sturdy help zone at $108,324, representing a 2.4% draw back danger from present ranges.

A extra extreme bearish consequence may see Bitcoin take a look at the psychological $100,000 degree, which aligns carefully with the 200-day SMA. This situation would require sustained promoting strain and broader market deterioration.

Threat components embrace continued MACD divergence, RSI failing to carry above 40, and quantity declining throughout any potential rallies. Exterior components akin to regulatory developments or macroeconomic shifts may speed up bearish eventualities.

Ought to You Purchase BTC Now? Entry Technique

Primarily based on the present Bitcoin technical evaluation, a layered entry strategy gives the most effective risk-adjusted alternative. For aggressive merchants, the present worth degree round $110,994 offers an entry level with a stop-loss at $108,324, providing a positive risk-reward ratio.

Conservative traders ought to watch for a confirmed break above $112,000 with quantity affirmation earlier than initiating positions. This strategy reduces draw back danger whereas nonetheless capturing nearly all of the anticipated upward transfer towards the BTC worth goal of $116,200.

Place sizing ought to stay conservative given the conflicting technical indicators. A 2-3% portfolio allocation permits for significant publicity whereas managing draw back danger. Scale-in methods work properly within the present setting, including to positions on any dips towards $109,000-$110,000.

Cease-loss ranges must be positioned under $108,000 for brand new positions, representing a transparent break of technical help ranges. Revenue-taking ought to start close to $115,500, with full exit methods applied if BTC reaches $118,000.

BTC Worth Prediction Conclusion

The present BTC worth prediction suggests a cautiously optimistic outlook with a medium confidence degree. Bitcoin seems positioned for a take a look at of the important $116,200 resistance degree inside the subsequent 7-10 days, with profitable penetration seemingly triggering a transfer towards $118,000.

Key indicators to observe embrace RSI momentum above 45, MACD histogram enchancment, and sustained buying and selling quantity above $1.5 billion each day. Failure to interrupt $116,200 resistance may end in consolidation between $108,000-$115,000 for a number of weeks.

The timeline for this Bitcoin forecast spans 2-4 weeks, with the preliminary resistance take a look at anticipated inside the first week. Merchants ought to stay versatile because the cryptocurrency market’s inherent volatility can speed up or delay these predictions. The general bullish bias stays intact so long as Bitcoin maintains help above $108,000, making any dips towards this degree potential shopping for alternatives for these trying to purchase or promote BTC based mostly on technical benefit.

Picture supply: Shutterstock



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Tags: BitcoinBTCEyesKeyLoomsPredictionPriceResistanceTarget
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