As of today, August 13, 2025, the price of Bitcoin (BTC) is stabilizing around $118,000, with daily fluctuations between $116,410 and $120,731, according to recent market data. Technical analyses indicate strong upward momentum, supported by positive inflows in ETFs and increased market confidence. The market capitalization of Bitcoin exceeds $2.34 trillion, with a market dominance of approximately 57.09%, reflecting its leading position in the cryptocurrency market. The trading volume over the past 24 hours was around $72.67 billion, indicating high liquidity and strong trading activity.
Technical Analysis of Bitcoin Price
Technical indicators suggest a strong upward trend for Bitcoin at the moment:
Moving Averages: The simple (SMA) and exponential (EMA) moving averages for 5, 10, 20, 50, 100, and 200 days show strong buy signals, with 11 buy signals against only one sell signal. This reinforces the positive price outlook in the short to medium term.
Relative Strength Indicators (RSI): Stands at 62.933, indicating upward momentum without reaching overbought territory (above 70). However, the Williams %R indicator at -0.68 suggests that the price is nearing overbought territory, which could imply a potential slight correction if momentum continues without additional support.
Support and Resistance Levels:
Support: Key support levels are at $117,533 (traditional), $116,410 (daily low), and $114,500 (recently tested pivot level).
Resistance: Resistance levels are at $118,760 (daily high), $120,000 (psychological barrier), and $123,120 (52-week high).
MACD Indicator: Shows a buy signal at 352.5, supporting the uptrend.
Trading Volume: The increase in trading volume to $72.67 billion reflects strong interest from investors, especially institutions, supporting the current momentum.
Factors Influencing the Market Today
ETF Inflows: News indicates rising inflows into Bitcoin ETFs, boosting demand and pushing prices higher. This reflects increasing confidence from institutional investors.
Regulatory Developments: Positive statements from prominent political figures, such as President Trump, regarding support for cryptocurrencies have contributed to boosting sentiment. The delay of tariffs on China has also indirectly affected financial markets, including cryptocurrencies.
Market Activity: Increased trading volume and whale activity (large investors) indicate strong interest in Bitcoin, with positive net financial flows in exchanges.
Market Dominance: Despite Bitcoin's dominance breaking below 60.2% and trending towards 58.6%, a potential rebound from these levels could reinforce upward momentum. However, a decline may indicate the start of Altseason, requiring close monitoring.
Price Forecast
Short-term (Today - Week): Bitcoin is expected to test the resistance level at $120,000. Successfully breaking this level could open the way to reach $123,120, the highest level in 52 weeks. However, failure to break may lead to a correction towards support levels at $116,410 or $114,500.
Medium-term (Month): Forecasts suggest a potential price reaching $130,000 by the end of September 2025, supported by ETF inflows and regulatory optimism.
Long-term (2026-2030): Forecasts suggest that the average price of Bitcoin could reach 441,442 SAR (approximately $117,000) in 2025, with the potential to reach 869,600 SAR (approximately $231,000) by 2030, reflecting a 96% growth from the current price.
Customized Tips for You
Given your previous interest in Bitcoin and closely following the market, here are some tips designed specifically for you:
Monitor Resistance Levels: Focus on the $120,000 level. Breaking through it could present an opportunity to enter buy positions, while failure may require a waiting strategy at support levels.
Portfolio Diversification: With the potential start of Altseason, consider allocating part of your portfolio to cryptocurrencies like Ethereum (ETH) or Solana (SOL), which have shown strength recently.
Follow the News: Keep an eye on regulatory statements and ETF inflow reports, as they significantly impact momentum. Platforms like CoinMarketCap and TradingView provide reliable real-time updates.
Risk Management: Use a Dollar-Cost Averaging (DCA) strategy to reduce risks amid high volatility. Avoid investing amounts that exceed your ability to bear losses.
Useful Tools: Use platforms like Bitcoin.com Markets or CryptoQuant to track real-time data, including whale flows and exchange activity.
🌟Final Notes
Bitcoin shows strong performance today, supported by strong technical and fundamental momentum. However, its volatile nature calls for caution. Continue to monitor price movements and regulatory news, and leverage analytical tools to make informed decisions. This article is designed specifically for you based on your interests, and I hope it helps you navigate the Bitcoin market confidently and wisely.
🍀Disclaimer: This analysis is for informational purposes only and is not investment advice. Conduct your own research before making any investment decisions. $BTC