$SHIB Here is the latest simplified analysis of the price movements of Bitcoin (BTC) and Shiba Inu (SHIB) as of August 23, 2025:
Bitcoin (BTC) Analysis – August 23, 2025
The current price is approximately $116,613, representing an increase of about 3.6% compared to the previous close.
Technical analysis from CoinEdition indicates that selling pressures are still present, with the main resistance at $113,800 and a second resistance at $115,500. The first support is at $112,000, followed by additional support at $110,800. The 4-hour EMA indicator shows a ceiling at $116,200, with the RSI neutral and the Supertrend negative until reaching resistance.
According to Brave New Coin, the chart indicates a double bottom pattern, which is a pattern that often sees the price rebound strongly towards higher levels. Previously, it had a bullish impact of 50% in April and 25% in June 2025, suggesting further potential improvement.
Institutional Forecasts – Bernstein expects a long bullish wave that may extend until 2027, with the possibility of the price reaching $200,000 in the next 6–12 months, supported by a positive regulatory framework and initiatives like the Genius Act and broader SEC actions, as well as the creation of a federal Bitcoin reserve.
More conservative forecasts from MarketWatch and other analysts suggest that the price may reach $140,000–$150,000 by the end of 2025, considering that the current momentum exceeds historical expectations based solely on quarterly cycles.
