Bitcoin currently trades around $114,000 and is showing mixed signals that could lead to either a significant upward breakout or a corrective pullback. Analysts identify key support and resistance zones with potential movements as follows:
A possible near-term dip to about $110,000–$112,000 is expected by some analysts, which could serve as a "springboard" for a surge toward $124,000 or higher if bullish momentum resumes.
Technical patterns suggest Bitcoin could attempt a breakout above $115,000 that might open the way to retest or exceed recent all-time highs near $122,000 and potentially go toward $135,000 or beyond in August 2025.
Leading experts such as Tom Lee maintain aggressive long-term targets, expecting Bitcoin to reach $200,000 to $250,000 by the end of 2025, based on robust institutional adoption and bullish on-chain metrics.
However, the market also faces risks of consolidation or temporary corrections. Some forecasts anticipate price fluctuations around $110,000 to $115,000 levels during August and September 2025, with volatility continuing through the year.
Overall, Bitcoin is at a critical juncture where it could either "explode" higher by breaking through key resistance levels or experience a corrective phase around $110,000 support. This balance depends on market momentum, seasonal patterns, technical support/resistance, and broader investor sentiment. Traders and investors should closely watch volume, price action near $110K–$115K, and on-chain data to gauge which scenario will play out.