Two-day forecast (today + tomorrow):
Analytics institutions:
• Traders Union: It expects a slight drop of about -0.45% during the first 24 hours to around 113,899 USD, followed by an additional decline of -0.52% the next day to 113,816 USD.
• CoinLore: It expects a price tomorrow of around 113,870 USD, with support at 111,909 USD and resistance at 114,790 USD.
• CoinCodex: It is expected to increase by about +1.00% to reach 116,229 USD today, followed by a slight decline tomorrow to 115,880 USD (-1.03%).
• Changelly: It expects a slight increase today of 0.37% to 114,803 USD, followed by a slight decrease tomorrow of -0.07% to 114,463 USD.
Technical indicators and general context:-
• The Bitcoin market today is experiencing a state of moderate greed according to the “fear and greed” index, with ratings ranging from 60 to 64 out of 100, which is a positive area reflecting a tendency to buy.
• On the short-term timeframe (4 hours), the situation appears bearish, as the 50 moving average indicates a downward trend, with strong support at the 200-day moving average to maintain the long-term bullish trend.
• On the daily and weekly timeframe, the overall trend remains bullish, and the moving averages (50- and 200-DMA) are trending upwards, providing strong support for the price in case of a decline.
Overall position analysis:
• Today: Bitcoin is moving around 114,400–115,300 USD. Most forecasts indicate stability or a slight increase (0.3%–1%) during this period.
• Tomorrow: The forecasts are mixed; some indicate stability around 114,400–114,800 USD, while others expect a higher target (115,900–116,200 USD) based on more optimistic scenarios from CoinCodex and Binance.
Potential price range:
1- End of the day (August 5) expected range (USD) 114,400 – 115,300, stability or slight increase.
2- Tomorrow (August 6) the expected range (USD) is 113,800 – 116,200, volatile, depending on the scenario.
Factors to pay attention to:
• *Market volatility: Today's volatility could reach up to ~2% compared to the scheduled daily ranges, emphasizing the potential for strong price movements if support or resistance levels are broken.
• Macroeconomic events: Economic decisions, ETF flows, and financial regulation news can quickly affect prices.- Additional technical signals: Breaking resistance at 115,500 USD could open the door for stronger upward movement, while breaking support at 113,700 USD could trigger further declines.
Summary:
• During the day: Bitcoin is likely to stabilize around 114,400–115,300 USD, with a possibility of continuing slight upward momentum.
• Tomorrow: Forecasts range from mixed to positive; the price may fluctuate between 113,800 and 116,200 USD depending on the strength of the market and prevailing technical instructions.
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