Technical Overview

Price Zone, from TradingView & Binance: BTC currently trades around $114k $115k, recovering from a recent dip .

Support Levels:

Short term: $114k $113k

Medium term: $111k $110k

Resistance Zones:

$115.5k $116k toward the first wave

$118k $120k high range near the July ATH $122k $123k

Indicators analysis Aug 1, 2025

Price below EMA 7 and EMA 25 short term neutral bearish

Above EMA 99: long term trend still bullish

Very oversold RSI 32 Stoch RSI low potential bounce zone

TradingView sentiment:

Inverse head & shoulders may support bullish reversal from COP demand zone near $114k

Strong overhead resistance around $116k without major volume breakout

📊 Market Sentiment & LongerbTerm Forecasts

Cantor Fitzgerald: BTC has stabilized above $114k amid cautious sentiment; institutional interest through spot ETFs continues to rise .

CoinDesk Elliot Wave: Suggests Bitcoin may rally to $140k in late 2025 before entering a bear phase in 2026 .

Business Insider: Crossing above $114k resistance could unlock a 25% upside to around $143k, fueled by macro tailwinds including interest rate cuts and regulatory clarity .

InvestX: Flags possibility of corrective pullback to $100k due to seasonality and profit-taking post ATH rally .

🧭 Bull Bear Trade Scenarios

✔️ Bullish Case

Strong support around $113k $114k holds

RSI Stoch RSI oversold levels signal potential reversal

Breakout above $116k could target $120k $140k range this year Elliott wave structure & macro catalysts align

⚠️ Bearish/Neutral Case

Failure to break above $116k may keep price range bound or drifting lower

A drop under $110k could invite further correction toward $100k

Macro risk: ETF outflows, regulatory shifts, strong USD could pressure BTC near term

✅ Summary Table

Scenario Support Zone Key Resistance Targets Notes

Bullish $113k $114k $116k $120 140k Needs close above $116k on volume breakout
Neutral Wait $110k $113k $116k million Consolidation, side ways movement possible
Bearish below $110k $100k Seasonal pullback or heavy selling pressure

📝 My Take

BTC is stabilizing above $114,000, finding short-term support after a dip. Technical conditions suggest a bounce is possible, but a clean breakout above $116k is needed to fuel a stronger rally. If that fails, sideways action or a deeper correction to $110k or below remains plausible.

Institutional interest, ETF inflows, and macro tailwinds support a bullish medium‑term case toward $140k. But caution is warranted profit taking, seasonality, or macro slowdown could push price back toward $100k.

🛠️ For Your Strategy

Scalpers Swing traders: Consider long entries near $113k $114k if RSI/StochRSI bounce confirms, with tight stop loss just below $110k.

Intermediate position holds: Wait for breakout above $116k to consider scaling or averaging in; strong conviction if $120k $122k is breached.

Risk control: Always define stop loss, position size, and exit triggers crypto markets remain volatile, and past patterns don’t ensure future outcomes.