Here’s a concise analysis of Bitcoin (BTC) today:

📊 Current Price and Trend:

· Bitcoin is currently trading around $112,980–$116,665, showing slight volatility but largely consolidating near key support levels .

· It recently tested lows near $111,678** and faces resistance around **$113,800–$115,500 .

🔍 Key Insights:

1. Technical Indicators:

· The 4-hour chart shows bearish signals, with the price below the Supertrend indicator ($115,500) and EMAs acting as resistance .

· RSI (30-min) is neutral at ~52, suggesting balanced momentum .

2. Support and Resistance:

· Critical support lies at $112,000**. A break below could trigger a drop to **$110,800 or even $108,500 .

· Resistance levels are at $113,800** and **$115,500. A breakout above $115,500 could reignite bullish momentum toward **$119,000** .

3. Market Sentiment:

· Exchange net inflows (+$66M on Aug 22) indicate potential selling pressure .

· However, long-term forecasts remain bullish, with institutional adoption and ETF inflows supporting optimism .

💡 Outlook:

· Short-term: Bitcoin is in a compression phase. Hold above $112,000 for stability; a breakdown could deepen losses .

· Long-term: Experts predict targets of $150,000–$200,000+ by 2025, though cycles may be evolving due to institutional involvement .

🧐 Note:

Today’s price action is cautious, reflecting a balance between profit-taking and underlying bullish trends. Watch the $112,000 support closely for directional clues.$BTC