Loading...
Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9309732027 In late August 2025, the price of Bitcoin fluctuated between $114000 and $117000, and the market was in a delicate equilibrium state. Behind this balance is a fierce game between bullish innovation high global liquidity and institutional acceleration adoption factors, as well as bearish short-term technical indicators overbought and profit taking pressure. The market is showing a hesitant state, as yesterday's bullish candlestick chart failed to reach a new high, indicating a lack of firm belief among bulls. Bitcoin failed to establish stable support above $116000, and closing below this threshold increases the risk of falling back to $114000. From a chart analysis perspective, a horizontal consolidation pattern may form in the coming days. The bearish trend line has formed, and the resistance level between $117000 and $118000 may take several days. US President Trump's pressure to cut interest rates, coupled with the Fed's dovish stance. As of August 24, 2025, the trading price of Bitcoin is approximately $114752, falling from the high of $117300 reached on Friday evening. The market is showing a hesitant state, as yesterday's bullish candlestick chart failed to reach a new high, indicating a lack of firm belief among bulls. Key technical indicators show that the Mixed Signal Relative Strength Index (RSI) is in a neutral phase but is declining, while the MACD is showing a bearish divergence. The decrease in trading volume also indicates a weakening of buying interest. The CME gap is another factor that needs attention. Bitcoin created a CME gap this Saturday, with a value loss of approximately 1.87% since the opening of the Saturday trading session. As of now, the CME gap is almost always filled in the following days, indicating that BTC may rebound to $117000 in the next few trading sessions. From a technical analysis perspective, Bitcoin is currently in a critical position. Analyst Ali Martinez pointed out that Bitcoin needs to clear resistance around $118000 to restore its bullish outlook. Without this breakthrough, the price of Bitcoin may face more consolidation or further decline. On the daily chart, Bitcoin rebounded strongly from $112000 and rose above $116000 after Powell's dovish tone. This trend confirms the support of the neck line in the inverted head and shoulder shape, which is now a solid foundation. The price is currently in the accumulation stage between $112000 and $118000, with Fibonacci targets at $123000 and $126500. On the 50th, the EMA provided additional support around $114800, indicating strong demand. If BTC decisively clears the resistance of $118000, the current price may usher in another breakthrough and maintain its upward trajectory. The Bitcoin market is undergoing a structural shift from retail led to institutional led. The Bitcoin network is refocusing on large investors. The daily average number of transactions decreased by 41% from 660000 in October 2024 to 388000 in March 2025, but the transfer amount per Bitcoin transaction increased instead. MicroStrategy and other institutions drive high-value transactions and increase the average transaction size. On chain indicators display some overheating signals, but significant downside risks remain limited. The MVRV-Z indicator (which measures the ratio of current prices to the average cost to investors) is currently 2.49, which is in an overheated zone. Recently, it has soared to 2.7, indicating that there may be a correction in the short term. However, both the aSOPR (1.019) that tracks investors' realized gains and losses and the NUPL (0.558) that measures the overall unrealized gains and losses of the market remain stable, reflecting the overall health of the market. There has been a significant divergence in price predictions for Bitcoin, reflecting market uncertainty. Renowned Bitcoin critic Peter Schiff predicts that Bitcoin may fall to around $75000. It is recommended that investors sell now and buy back later, believing that this is more profitable than simply enduring a continuous decline. On the other hand, well-known Bitcoin advocate Max Kaiser made an extremely optimistic prediction, asserting that the price of Bitcoin may reach $2.2 million by 2025. The factors that affect the price of Bitcoin are becoming more complex and diversified. Macroeconomic factors Federal Reserve Chairman Jerome Powell's speech in Jackson Hole hinted at a possible interest rate cut in September, immediately triggering fluctuations in Bitcoin prices. Historical data shows that after Powell's speech at Jackson Hole, Bitcoin typically experiences volatility in September, followed by a strong rebound in the fourth quarter. Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.
