Bitcoin Daily Forecast and Analysis
The daily forecast and analysis for Bitcoin (BTC) for today, August 18, 2025, indicate a volatile market with a generally positive medium-term technical trend but a short-term correction.
Today's Technical Analysis:
* Trend and Volatility: Bitcoin has experienced a correction, dropping by approximately 2% since the start of the day. Despite this decline, short-term technical analysis suggests a "positive" sentiment, with the cryptocurrency moving within an "ascending channel." However, there is "high volatility" at the moment.
* Support and Resistance Levels: Bitcoin has encountered resistance around $120,700 and support at approximately $113,500. The cryptocurrency was also rejected from the $122,000 to $123,460 range, which triggered the current correction.
* Technical Indicators: Several technical indicators like the MACD and ROC are in a buy signal, while others, like the RSI, show an upward trend.
Influencing Factors and General Context:
* Halving and Market Cycles: The market is in a post-halving phase, which is historically considered favorable for a price increase. The halving, which halves the mining reward, increases Bitcoin's scarcity, a key factor in its long-term value.
* Institutional Interest and ETFs: The entry of institutional investors and the success of spot Bitcoin ETFs in the United States continue to legitimize the asset and attract capital. Analysts believe that many institutional investors are still waiting for a clear signal to enter the market, which could fuel a future rally.
* Macroeconomics: The macroeconomic context, particularly the interest rate policy of central banks, also influences Bitcoin's price. If rates fall and liquidity returns to the market, it could favor a new bullish wave.
* Market Sentiment: The "Fear & Greed Index" remains at a high level ("Greed"), indicating that investors are optimistic despite the technical corrections.
Analyst Forecasts:
Long-term forecasts remain very optimistic.#MarketPullback #bitcoin #binance
