Bitcoin Technical Analysis on August 4, 2025: What’s the Next Move?

A technical analysis of Bitcoin on August 4, 2025, exploring support, resistance zones, and indicators to gauge market trends.

Bitcoin, the king of crypto, never fails to keep traders on their toes. As of August 4, 2025, Bitcoin’s price hovers around $116,100, consolidating after a powerful rally. Is this the calm before the storm? Let’s dive into the charts and technical indicators to map out where Bitcoin might be headed next. Current Market Snapshot Bitcoin is currently trading in a defined range between support at $114,500 and resistance at $119,760. This consolidation follows a recent peak near $123,270. The daily chart shows Bitcoin moving within an ascending channel, though momentum has slowed, prompting some caution among traders. Notably, the 24-hour trading volume sits at around $57 billion, signaling robust market activity. Key Support and Resistance Zones The primary support zone lies between $114,500 and $116,000, with a critical level at $114,785. A break below this could trigger a deeper correction toward $108,500. On the flip side, resistance levels at $119,760 and $122,000 stand in the way. A breakout above these could pave the way for a retest of the $123,200 high or even a push toward $129,584. Indicator Insights The Relative Strength Index (RSI) is currently around 60, suggesting mild bullish momentum. It’s not yet in overbought territory, leaving room for potential upside. However, a drop below 50 could signal weakening momentum. The MACD indicator also supports a bullish outlook, with the MACD line above the signal line by a margin of 1,760 units. This reflects sustained buyer strength, though declining volume could hint at fading momentum. Chart Patterns and Scenarios A recent 15-minute chart revealed a symmetrical triangle pattern, which broke upward near $119,000. Such patterns often signal bullish continuation, but volume confirmation is crucial. In a bullish scenario, a close above $119,760 could target $122,000. Conversely, a break below $114,500 might lead to a test of $108,500. Some analysts suggest Bitcoin could first sweep liquidity around $110,000 before resuming its uptrend. What to Watch For The price action around the $114,500 support is critical. If buyers defend this level, the odds of a bullish continuation increase. However, declining volume or a support break could signal a deeper pullback. Traders should also keep an eye on broader economic factors, like Federal Reserve decisions, as Bitcoin often moves in tandem with risk assets. Trading Strategy For short-term traders, buying near the $114,500 support with a stop-loss below $114,000 could be a reasonable setup, targeting $119,760. Long-term traders might wait for a confirmed breakout above $122,000 to minimize risk. In crypto’s volatile waters, risk management is non-negotiable. Wrapping Up On August 4, 2025, Bitcoin stands at a crossroads. Key support at $114,500 and resistance at $119,760 and $122,000 will shape its next move. Indicators lean slightly bullish, but caution is warranted until a clear trend emerges. Will Bitcoin surge to new highs, or is a correction looming? The market will soon reveal its hand.