$BTC Here is an updated and comprehensive analysis of the technical situation and cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) until August 17, 2025, supported by current market prices and recent expert forecasts:
1. Bitcoin (BTC)
Current Situation
The price is currently trading at around $117,578, slightly down from its previous peak after a minor sell-off following the release of U.S. inflation data.
It dropped to the level of $117,000 due to the impact of global economic tensions and inflation news.
Technical Analysis $ETH
Strong resistance is located at around $120,000, while immediate support is determined at $118,200, and major support is near $116,300, which aligns with Fibonacci levels and the 200 EMA. $BNB
Technical forecasts indicate that if the bulls can maintain the $116,500 area, the price may test levels of $119,300 then $120,800, and could possibly reach $124,500 if it surpasses those levels.
Weekly forecasts suggest the possibility of raising the price
