BTC Market Update 06.08.2025
Bitcoin is currently bouncing off the $111,980 level, a key horizontal level previously acting as
resistance during the June–July breakout. This bounce signals a potential short-term defense by
buyers, though market structure suggests a deeper retracement into the demand zone ($110K-
$107k) remains on the table.
Key Zones:
• Supply Zone: $120,000–$124,000
• Support to Watch: $111,980
• Demand Zone: $107,000–$110,000
• Next Major Resistance (Macro Target): $150,000 (with interim confluence around
$141,000 based on +2σ deviation and psychological levels)
All signs point to this being a controlled retracement within a broader bullish trend. As long
as Bitcoin holds the demand zone between $107K–$110K, the structure remains primed for
continuation. A sweep and reclaim of this zone would likely act as the final accumulation phase
before the next expansion leg. With the macro backdrop, psychological magnet at $150K, and
technical confluence around the $141K–$150K zone, Bitcoin appears to be gearing up for its
next major move higher — and the window for entry may be closing fast.