The current price is 112872.0 USD with a change of -848.00 USD (-0.01%) from the previous close.
The highest trading level during the day is 113960.0 USD and the lowest trading level during the day is 112021.0 USD.
Current Technical and Market Analysis
Technical Situation (Technical Indicators)
The Investing.com platform provides a technical summary indicating an overall 'Neutral' state:
Prices fluctuate among various moving averages, with strong 'Sell' signals at short averages like MA5, MA50, MA100, and MA200, while there are some buying signals from medium moving averages (Investing.com).
TipRanks platform gives a 'Hold' rating:
Indicators like MACD and RSI indicate equilibrium.
Daily moving averages indicate 'Sell', while long-term averages (100 and 200 days) indicate 'Buy' (TipRanks).
General Context and Outlook
Bravenewcoin: Bitcoin has recovered above the $112,000 level and is expected to test the $120,000 level in the coming days (Brave New Coin).
CryptoNews: After reaching a peak of around $123,000, the price fell towards $112,000, with significant movements from BlackRock indicating the need to monitor this critical support (Cryptonews).
Economic Times: Bitcoin dropped by approximately 8% during the week, but is stabilizing around $113,600, with indications of a potential trend reversal towards the upside (The Economic Times).
Investopedia: Concerns loom ahead of Powell's speech in Jackson Hole, as analysts expect a gloomy tone that could lead to selling and possibly a short-term buying opportunity (Investopedia).
MarketWatch (Bernstein): There is still optimism that the bull market may continue until 2027, but some analysts see the peak occurring between $140,000–$150,000 by the end of 2025 (MarketWatch).
CoinDCX: A clear breakout of the resistance level $123–$125 could push the price towards $130,000, while breaking the support at $112,000 could lead to a drop towards $108–$105 (CoinDCX).
Is Bitcoin bullish or bearish by the end of the day?
Current Situation Indicator Potential Outlook Real-time Data Slight decrease (~–0.75%) from the opening, trading range between $112,021 – $113,960 Slightly sideways to downward trend in the short term General Technical Analysis Mixed signals with a bias towards selling at short averages No clear direction, but clear resistance around short averages News and Analysis Recovery from support ~112K with a potential test of 120K, but concerns from Powell's speech may pressure prices Slight upward rebound potential, but economic events under observation
Summary: By the end of the day, the balance leans towards a slightly sideways to downward trend on a real-time basis. However, if the price stabilizes above the critical support level (~112K), we may see an attempt to test the resistance at ~114K–115K, possibly towards 120K in the coming days.
