Bitcoin remains under pressure on August 27, trading at $111,036 with signs of short-term accumulation but a weak overall trend. The market capitalization of the leading cryptocurrency stands at $2.21 trillion, while the 24-hour trading volume reaches $39.66 billion, with a daily range from $109,526 to $112,279.
Bitcoin
The hourly chart reflects a short-term bullish recovery, with bitcoin bouncing back from $108,717 and briefly touching $112,400. The bounce is supported by a surge in volume on upward moves, indicating buyer interest and potential accumulation below $112,000. Price movements are consolidating just below this resistance level. Traders monitoring daily setups should watch for a breakout and retest above $112,400 for long positions targeting $114,000 or higher. Conversely, a bearish engulfing rejection at this level may provide short selling opportunities back to $110,500 or even $109,000.
BTC/USD 1-hour chart via Bitstamp on August 27, 2025.
On the 4-hour chart, bitcoin shows a sideways-to-downtrend structure. After a strong surge to $117,421, the recent pullback indicates a potential bull trap or distribution phase. The price remains in the range of $110,000 to $112,000, with clear support at $108,717 that has been tested multiple times. If the asset pushes through $112,400, it could reclaim the $114,000 to $116,000 zone. However, failing to surpass $112,000 increases the risk of retesting the support base. Traders should pay attention to this level for signs of momentum breakouts or new selling pressure.
BTC/USD 4-hour chart via Bitstamp on August 27, 2025.
The daily chart of bitcoin reveals a clear downtrend, characterized by lower highs and lower lows since peaking near $124,517. Volume data reflects moderate selling activity, with some support from buyers re-emerging in the range from $109,000 to $111,000. A potential long entry can be found near the $108,700–$110,000 level if confirmed by a bullish candlestick—such as a hammer or engulfing pattern—appearing alongside increased volume. Resistance levels are set at $116,000 and $124,000, which will serve as reasonable exit zones for any long recovery.
BTC/USD 1-day chart via Bitstamp on August 27, 2025.
Technical indicators signal a cautious outlook. Among the oscillators, the Relative Strength Index (RSI) reads 41, reflecting a neutral stance, while the Stochastic indicator is at 13 and the Average Directional Index (ADX) at 17 also indicate a lack of strong trend. The Commodity Channel Index (CCI) at -126 issues a bullish signal, while the momentum indicator at -6.467 and the moving average convergence divergence (MACD) at -1.219 both suggest bearish sentiment. This divergence between momentum indicators indicates that traders should wait for confirmation before entering significant positions.
Moving averages (MAs) reinforce short-term downward pressure. All exponential and simple moving averages from the 10 to 50 periods align with bearish signals. The 100-period exponential moving average at $110,859 provides some bullish support, but the 100-period simple moving average at $111,663 continues to reflect resistance. The long-term 200-period exponential and simple moving averages, at $103,847 and $101,011 respectively, remain in the positive zone, indicating a larger bullish outlook despite short-term weakness. Traders should be cautious of volatility around key levels and manage risk with tight stop-losses in the current complex conditions.
Bullish Conclusion:
If bitcoin can break above the resistance level of $112,400 with confirmed volume and bullish candlestick patterns, this opens the path for a recovery towards $114,000 and potential $116,000. The presence of accumulation signals on lower timeframes and support from long-term moving averages suggest that continued bullishness is possible if momentum shifts favorably.
Bearish Conclusion:
Failing to break the resistance level of $112,400 and the continuous rejection near this level could reinforce the downtrend, with bitcoin at risk of retesting support between $110,000 and $108,700. Weak momentum indicators and persistent sell signals across most moving averages suggest that bears remain in control unless bulls reclaim key resistance areas soon.
