In the third week of August 2025, Bitcoin (c-6) experienced notable volatility, recording a new all-time high before partially retreating, reflecting a balance between positive momentum and concerns over corrections.
📈 Weekly performance
All-time high: Bitcoin reached a new record level of $124,474 on August 14, driven by increased institutional investments and positive regulatory developments.
Low price: Subsequently, the currency retreated to around $118,000, affected by US inflation data showing a 0.9% increase in producer prices, raising concerns about tightening monetary policy.
🔍 Technical analysis
Support and resistance: Analyses indicate strong support at $117,000 and resistance near $118,600.
Technical indicators: Indicators such as the 20-week exponential moving average show a crossover with a potential support level between $108,000 and $112,000, which may indicate an attractive buying area in case of a correction.
🧭 Future outlook
Short-term outlook: Bitcoin is expected to continue trading within a narrow range between $117,000 and $118,600, with the possibility of a correction towards $108,000–$112,000 if selling pressure persists.
Long-term outlook: If the positive momentum continues, Bitcoin may target levels between $130,000 and $134,000, provided it maintains support above $110,000.
📌 Summary
Bitcoin shows strength in long-term performance, supported by institutional investments and positive regulatory developments. However, traders are advised to be cautious of potential price corrections, especially if inflation continues to impact financial markets.
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