#Bitcoin

Daily chart update: its very important my friends

(BTC) Technical Analysis

Current Price: $117,000

Timeframe: Daily (next 5 days) & Weekly (current week) As of:August 16, 2025

Daily Chart Analysis (Next 5 Days)

1. Trend Structure:

-Price Action: Surging +15% this week, breaking all-time highs (ATH).

-Key EMAs:

- 20-day EMA: $108,000 (support)

- 50-day EMA: $102,500 (major support)

- Price is trading far above EMAs→extreme bullish momentum

2.Critical Levels:

-Resistance: $120,000 (psychological barrier), then $125,000.

-Support: $112,000 (recent consolidation low), $108,000 (20-day EMA).

3.Momentum Indicators:

- RSI (Daily): 82 (overbought) → risk of short-term pullback.

-MACD: Bullish crossover accelerating → momentum favors upside.

-Volume: Record-high buying volume → institutional FOMO.

4. Pattern Recognition:

- Bull Flag Breakout on 4H chart → measured move target: $125,000.

-Warning: RSI divergence forming on 1H chart → potential 3-5% dip.

5. 5-Day Projection:

- Base Case (60%): Consolidation ($112k–$120k) to cool RSI, then push to $122k.

- Bull Case (30%): Direct rally to $125k if $117k holds.

- Bear Case (10%): Profit-taking below $112k → dip to $108k.