$BTC Looking at the short-term chart (first image), BTC is currently trading around $119,041, showing a small intraday drop of -0.05%. The price recently bounced from the 24h low of $118,050 but remains below the 24h high of $122,335. The moving average MA60 sits near $118,848, which is acting as a support level. Volume spikes indicate active trading interest during upward pushes, suggesting buyers are still participating.

On the medium-term candlestick chart (second image), BTC has recovered from its early-August dip near $110,113 and is consolidating after touching $120,533. However, the rejection from that level shows some selling pressure. The pattern suggests BTC is in a short-term sideways consolidation between roughly $117,000 and $121,000.

Forecast:

• If BTC can hold above $118,500 and break past $121,000–$122,000, it could retest $123,200 or higher.

• Failure to maintain above $118,000 could trigger a drop toward $115,000 or even $113,500 support.

• The current momentum leans slightly bullish but needs a confirmed breakout to sustain an uptrend.