Update #Bitcoin - August 4, 2025

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The price closed weekly at 114,809 below the resistance range of 115,726 – 118,492, facing clear selling pressure at this area.

■ Current Situation:

The price is currently moving below the resistance of 115,726 – 118,492, and if it breaks above and holds, it will support a retest of the next resistance at 121,360 – 122,763 at the current peak.

If it breaks 122,763 and holds above, a move towards the next resistance at 132,000, then 157,000 is expected, God willing.

However, if it fails to hold above 115,726 – 118,492, the price may attempt to test the current support level at 111,844,

and there is nothing preventing a visit to the next support at 108,000 – 106,000.

We also notice that the price has formed a descending sub-trend that must be broken to continue the rise.

■ Initial Targets:

First Target: 122,763  (+6.9%)

Medium Target: 132,000  (+15.0%)

Long-Term Target: 157,000  (+36.7%)

■ Current Supports:

(115,726 – 118,492) (−0.8% to +3.2%)

(111,844) (−2.6%)

(108,000 – 106,000) (−6.0% to −7.6%)

■ Conclusion:

The price is still moving in a sideways direction with selling pressure below the main resistance.

Breaking the downward trend and holding above 115,726 will enhance the chances of an upward move.

Failure to do so may drive the price to test lower support levels.