$BTC 🔎 BTC/USDT (Aug 6, 2025)

📈 Analysis:

As of August 6, 2025, Bitcoin (BTC/USDT) is trading at $113,804.33, down -1.16% on the day. From the candlestick chart:

• Resistance level: ~$115,340 (24h high)

• Support level: ~$112,650 (24h low)

• MA60 (Moving Average 60) is close to the current price, suggesting indecision in the market.

• The overall volume remains moderate, showing reduced buying pressure after recent volatility.

• RSI: 87.32% over the past year → This still reflects long-term strength.

• However, MACD lines are narrowing, indicating a potential bearish crossover.

Recent price action shows a downtrend from the local high of $123,218 to current levels. Although the price attempted recovery in the past 2 days, it’s showing weakness near the $114K resistance.

🔮 Forecast:

• In the short term, BTC may retest support around $112,000–$113,000.

• If buyers defend that zone and volume increases, we may see a bounce to $115,000–$116,000.

• If the price breaks below $112,000, expect a possible move toward $108,000.