Current status (Date: August 18, 2025)$BTC :-
• Bitcoin is currently trading at around 115,519 USD, showing a decline of -1.79% compared to the previous close, with today's trading range between 115,519 USD and 118,519 USD.
• Over the past week, the currency has seen a drop from its peak since rising to approximately 124,000 USD on August 14.
• There are indications that the 6–7 week upward movement may have entered a potential corrective phase, with technical signals such as the 'Death Cross' on the four-hour time frame, and negative divergence in the Relative Strength Index (RSI), increasing the likelihood of further correction.
• The 118,000 USD range is considered important support, and its movement may determine whether the reversal is upward or the correction continues.
Forecast until tomorrow (August 19, 2025)$BTC :-
• CoinCodex predicts a 1% increase, with the price reaching 118,671 USD by August 19.
• Changelly predicts a 1.26% increase to reach 119,613 USD on August 19, with technical indicators suggesting a moderate tilt towards a positive direction (the 'Fear and Greed' index at 64 in the 'Greed' zone), and a somewhat neutral market behavior.
• While CoinLore predicts a price drop to 114,789 USD tomorrow, continuing to decline in the following days to around 114,400 USD.
Summary of technical and fundamental analysis:-
1- Moderate bullish scenario, rising to between 118,500–119,500 USD, supported by technical support at 118k and the continuation of supportive monetary policy.
2- Corrective scenario, further decline to the range of 114,000–116,000 USD, in the event of continued market weakness or worsening selling pressures.
Short-term influencing factors:-
1. Support and resistance levels: Strong psychological and technical support at ~118k, while current resistance stands at ~120k, and then ~124k.
2. Technical factors: The emergence of corrective signals may push the price down first.
3. Economic climate: Expectations of interest rate easing from the Federal Reserve may increase optimism, while inflation data or statements about strategic contingency plans from the Treasury Department may restore corrective momentum.
Conclusion:-
• Today (August 18): Bitcoin is trading around 115.5k USD, within a wide volatility range while facing critical support near 118k USD.
• Tomorrow (August 19): Predictions are mixed — some signs of a potential moderate rise to 118–119.6k USD, or a possible drop towards 114–116k USD if technical conditions worsen.
• General recommendation: Closely monitor the 118k USD level; a daily close above it may indicate potential sustained upward movement, while a drop below may open the door for deeper correction.
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