Bitcoin: $120K Breakthrough – Getting Ready for $130K–$134K!
🚀 Bitcoin (BTC/USD) – Technical Review, August 2025
• Support: $110K–112K holds — above it, bulls retain initiative.
• Momentum resumes: BTC broke through $120K, thanks to $260 million inflow into Bitcoin via ETFs and potential Bullish IPO. Drive is maintained. Possible target is $130K–$134K.
• Technical outlook: Recovery above $115K after record highs in July. Breakout — will give way to $128K. Hidden risks — fall below $110K.
• Long-term targets: Technical measurement points to potential up to $146,400 if above $112K holds and top is broken. RSI remains favorable, volumes on exchanges are declining — signal of institutional outflow.
Bottom line: Bitcoin is confidently holding above the key $110-120K zone. A breakout of $120K is a starting point for a move to $130-$134K, and then to $146K. Watch for consolidation or pullback near current levels.
Tactics:
- Buy on dip: around $112-115K with targets of $130-134K.
- Breakout buy: if it consolidates above $120K, target $130-$134K, then $146K.
- Stop loss: under $110K.
🚀 Bitcoin (BTC/USD) – Technical Review, August 2025
• Support: $110K–112K holds — above it, bulls retain initiative.
• Momentum resumes: BTC broke through $120K, thanks to $260 million inflow into Bitcoin via ETFs and potential Bullish IPO. Drive is maintained. Possible target is $130K–$134K.
• Technical outlook: Recovery above $115K after record highs in July. Breakout — will give way to $128K. Hidden risks — fall below $110K.
• Long-term targets: Technical measurement points to potential up to $146,400 if above $112K holds and top is broken. RSI remains favorable, volumes on exchanges are declining — signal of institutional outflow.
Bottom line: Bitcoin is confidently holding above the key $110-120K zone. A breakout of $120K is a starting point for a move to $130-$134K, and then to $146K. Watch for consolidation or pullback near current levels.
Tactics:
- Buy on dip: around $112-115K with targets of $130-134K.
- Breakout buy: if it consolidates above $120K, target $130-$134K, then $146K.
- Stop loss: under $110K.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.