Bitcoin (BTC) is gearing up for a thrilling retest of its all-time high, igniting strong bullish momentum in August 2025. Recent price action confirms a breakout above previous market structure on the 1-hour chart, supported by robust buying pressure and technical indicators like the Alligator moving averages signaling sustained upward strength. With the RSI around 64, BTC still has room before hitting overbought territory, suggesting more upside potential.
Traders should consider entering long positions around current levels with a target at the previous all-time high near $123,145—an area expected to provide key resistance and profit-taking opportunities. To mitigate risk, placing a stop loss below the recent structural support at $120,000 offers a favorable risk/reward setup of about 3.6, balancing potential gains against downside protection.
Bitcoin's recent surge past the $100K milestone and brief crosses above $120K reflect accelerating bullish momentum, backed by strong volume and positive market sentiment. While profit-taking has occurred at all-time highs, the overall technical and fundamental backdrop points to BTC testing new highs soon. For traders and investors, this setup presents an exciting chance to capitalize on Bitcoin's continued strength and market leadership.
In summary, Bitcoin is poised for a high-stakes all-time high retest with healthy momentum, making it one of the hottest assets to watch and trade now. Enter smart, manage risk, and prepare for a potential breakout to fresh record levels in the near term.
Trade smart and stay tuned for the next big Bitcoin move.