Dorla Bila JyqJ

🔎 Current Market Conditions
Price faced strong resistance between $123,000 and $124,000, leading to a pullback and over $800M in long liquidations.
Key support lies around $116,300–$117,500 — holding above this area is crucial to preserve the bullish structure.
Momentum indicators are mixed: the daily RSI suggests a potential corrective phase, while lower timeframes are hinting at a recovery.
Price recently printed an ascending triangle pattern with horizontal resistance at $122,500 and rising trendline support around $118,700. A confirmed breakout above $122,500 could open the door to fresh all-time highs.
Main resistance targets above are $124,500 and $127,200.
On the downside, a break below $117,445 may push the price toward $112,500–$113,000, which is a strong demand zone.
🗓️ Upcoming Catalysts
Traders are closely watching upcoming US macro data (especially the CPI report), which could have an immediate impact on BTC price action.
Continuous accumulation by institutions and consistent inflows into Bitcoin ETFs reinforce a strong fundamental base.
Improvements in the regulatory landscape and potential positive decisions from the SEC are helping build investor confidence.
Expectations of lower interest rates in the US could act as an additional bullish driver.
📈 Near-Term Price Expectations (Aug–Sep 2025)
BTC may continue to range between the $116,300 support and the $125,000 resistance.
If bullish momentum continues, analysts see potential for a move toward $125,000 in August and even towards $131,000 by September.
Failure to hold the key support regions may trigger a deeper correction towards $110,000–$112,000.
✅ Overall Summary

Bitcoin is currently at a crucial turning point. The consolidation between $117,000 and $122,500 has formed an ascending triangle, signaling a possible breakout to the upside if resistance is cleared. However, traders should stay alert for short-term volatility and potential corrections due to mixed technical signals.
Fundamental drivers — such as institutional buying, ETF demand, regulatory improvements, and favorable macro conditions — continue to support the bullish outlook. The upcoming macroeconomic data could be the main trigger for the next major move.
📌 Keep an eye on:
Support: $116,300–$117,500
Resistance: $122,500
Possible breakout targets: $124,500 / $127,200
Downside levels: $112,500–$113,000
Let’s continue growing together!
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