📌 Current situation$BTC :-
• The current price of Bitcoin is approximately 113,588 USD, with a daily decrease of about ‑0.75%, and a high of 115,010 USD and a low of 112,764 USD today.
• Recently, the currency tested a resistance level near 116,000 USD, with multiple signals of optimism from some technical analyses.
🔮 Forecast for the next 24 hours:-
📊 Short-term technical forecasts
• According to some forecasts, individual prices are expected to range between 113,000 and 116,000 USD, provided that Bitcoin stays above the upward trend line and the support level at the 200-day moving average.
• Another analysis forecasts tomorrow's price at around 112,923 USD, which is nearly similar to the current price (+0.1%).
• The CoinDCX platform indicates a potential increase of 0.46% to around 114,588 USD by August 7, 2025, which is within the same short-term period for us.
✅ Technical description in brief:-
1- Neutral trading 112,900–114,000 USD, with a slight upward push if it remains above technical support.
2- Strong resistance around 115,000 USD, requiring a clear break of the level to move above it steadily.
3- Potential support at 112,700 USD and below, with a risk of dropping towards the range of 109–110k if the line breaks.
⚠️ Potential influencing factors:-
• Sudden news developments: such as new regulations, regulatory moves, or major announcements from a technological entity.
• Market trading pattern: offers and demand within the current range.
• General news movement related to the economy and inflation that may drive volatility in digital assets.
🧭 Technical recommendation for investors$BTC :-
• If you are looking to benefit in the short term, it is advisable to set buy and sell targets within the expected control range (112,800–114,000 USD).
• Set a stop-loss below the support level at ~112,700 USD to minimize potential losses.
• Monitor resistance levels ±115,000 USD, where the price may need a clear breakout before resuming an upward trend.
🎯 Summary:-
Today's Bitcoin price shows sideways momentum within a limited volatility range, with indications that the price may rise slightly to around 114,000–115,000 USD if it maintains the core technical support. A breach of this may open the door for a drop towards levels of 112,000–110,000 USD in the near term.
If you want me to analyze the market with you daily, support me with a like and subscribe so you can receive all daily analyses, see you later.
