The following is an analysis and forecast for Bitcoin (BTC) for one month from August 20, 2025, to September 20, 2025 (non-asterisk version):
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📊 Current Market Overview (as of August 20, 2025)
- Current Price: Approximately $114,036
- Recent Historical High: $124,002 (reached on August 14)
- Market Sentiment: Greed (Fear and Greed Index: 71)
- Market Trend: Entering a short-term consolidation phase after significant gains
- Technical Indicators:
- RSI (14 days): 70.77, in the overbought zone
- MACD: Death cross appears, momentum weakening
- Bollinger Bands: Price close to the middle band, indicating weak fluctuations
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🔮 Forecast (August 20, 2025, to September 20, 2025)
📈 Bullish Scenario
- Target Range: $120,000 to $122,000
- Driving Factors:
- Continuous institutional buying (e.g., BlackRock, Bitcoin ETF, etc.)
- Positive regulation (e.g., allowing retirement accounts to invest in Bitcoin)
- Federal Reserve may lower interest rates, encouraging risk assets to rise
📉 Bearish Scenario
- Target Range: $108,000 to $106,500
- Risk Factors:
- Technical correction (RSI overbought)
- Macroeconomic pressures (e.g., inflation or interest rate hikes)
- Decreased trading volume or negative regulatory news
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📆 Weekly Price Forecast
| Time Period | Predicted Price Range | Market Expectation |
|------------------|---------------------------|---------------------|
| August 20–25 | $112,000 – $116,000 | Sideways fluctuation |
| August 26–31 | $115,000 – $119,000 | Expected rebound |
| September 1–7 | $117,000 – $121,000 | Testing resistance |
| September 8–15 | $114,000 – $118,000 | Slight pullback |
| September 16–20 | $118,000 – $122,000 | Bullish trend |
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🧠 Summary
Bitcoin is currently in a corrective consolidation phase, with short-term momentum weakening after reaching historical highs.
Despite short-term downward pressure, the long-term trend remains bullish due to institutional entry and a friendly policy environment.
Key Support Level: $108,000
Key Resistance Level: $120,000