Bitcoin is on a tear, currently priced at a staggering $120,677, commanding a $2.40 trillion market capitalization. A frenzy of $50.93 billion in trading activity in the last 24 hours alone fuels the fire. Yesterday, Bitcoin danced between $118,020 and $122,312, hinting at the volatility beneath the surface. But make no mistake: technical indicators are screaming “bull run.” Recent breakouts and powerful momentum suggest the ascent is far from over. Buckle up, Bitcoin could be headed for $150,000.
Bitcoin
Bitcoin’s summer surge continues, painting a bullish picture since July! Climbing from the $105k depths to a $123k summit, the digital gold is catching its breath before another ascent. Watch the $123,200 mark – clear that, and it’s blue skies ahead. But tread carefully: $114k-$116k is the safety net. Steady volume backs the bulls, yet a failed breakout could send Bitcoin tumbling back to base camp. Will it conquer or retreat? The chart holds the answer.
BTC/USD 1-day chart via Bitstamp on Aug. 11, 2025.
Bitcoin’s 4-hour chart is flashing green: an intermediate bullish pattern takes hold with a series of ascending peaks and valleys. The surge to $122,312 wasn’t just any spike – it was fueled by significant volume, followed by a lull as the price dipped. This quiet pullback? Typically, a silent signal for buyers gearing up.
Keep a close watch on the $120,000-$120,500 range; it’s the bulls’ potential battleground, their last stand for a rebound. If the upward momentum reignites, $123,200-$123,500 are the immediate targets, with $125,000 as the ultimate prize.
BTC/USD 4-hour chart via Bitstamp on Aug. 11, 2025.
Bitcoin on the hourly chart: a rocket shot from $116,412 to $122,312! Now, it’s catching its breath, possibly painting a bullish flag. If it can hold its ground above $120,500, look out! We could see a run at those resistance levels. A breakout with serious volume? That’s a green light for the bulls. But heads up: if it dips below $119,800, it’s time to batten down the hatches and prepare for a possible pullback.
BTC/USD 1-hour chart via Bitstamp on Aug. 11, 2025.
The market’s pulse is mixed, but a bullish undercurrent is undeniable. Oscillators are on the fence: RSI hovers at 64, Stochastic dances near overbought at 79, and CCI surges to 158. ADX, however, whispers of weak trending power at 17. Yet, the Awesome Oscillator roars to life, Momentum builds, and MACD confirms a bullish narrative, echoing the broader uptrend. Moving averages sing in harmony, a chorus of bullish signals across the spectrum. From short-term flings (10-day EMA/SMA) to long-term commitments (200-day EMA/SMA), the message is clear: underlying strength permeates every timeframe.
Bitcoin’s at a crossroads. Bullish whispers from technical indicators are battling a stubborn resistance. Smash through that ceiling, and we could see a rocket launch. But watch out below: $120,000 is the trapdoor. Fall through, and $118,000 is the next stop on the express elevator down. Smart money’s watching the volume – that’s the heartbeat that will tell us if the bulls have the juice to break free or if the bears are about to feast.
Bull Verdict:
Bitcoin’s poised to explode. A symphony of bullish signals – aligning moving averages, a surging multi-timeframe uptrend, and screaming “BUY” indicators like the Awesome Oscillator and MACD – all point to one thing: liftoff. Crack $123,200, and watch Bitcoin rocket toward $125,000 and beyond. Holding steady above $120,500 isn’t just good; it’s fuel on the fire, signaling a green light for a massive influx of buyers.
Bear Verdict:
$120,000 stands as the last line of defense. Breach it, and the bulls could stampede for the exits. A fall below opens the floodgates, potentially dragging the price down to the $118,000 – $118,500 zone. Neutral indicators would then likely turn traitor, flipping bearish and crumbling the current bullish facade, paving the way for a far more painful correction.
Thanks for reading Bitcoin Price Watch: Bulls Eye $125K as Key Resistance Looms
