Over the last hour, the price of Bitcoin has been trading in a range of $114,656 to $115,078. The total market capitalization has fallen to $2,28 trillion, while the daily trading volume has reached $57,10 billion. The intraday price has fluctuated in a narrow range of $114,326 to $118,696, signaling consolidation after recent volatility.
On the daily chart Bitcoin continues to show a short-term downtrend after a recent peak at $123,236. Since then, the price has returned to the $114,000–$115,000 support zone, which currently serves as a base for potential consolidation. Despite the downtrend, the decline in selling volume indicates possible exhaustion of sellers’ positions, which could open the way for a bullish reversal.
A break and close above the $118,000 resistance would strengthen the bullish momentum, while a failure to hold above $114,000 could lead to renewed selling pressure.
BTC/USD daily chart on Bitstamp 1 2025 of August
The four-hour Bitcoin chart shows a clear bearish market structure, characterized by successive lower highs and lower lows. Notably, the volume of the red candle has increased, reinforcing the prevailing downward momentum. However, support at $114,116 remains in place for now.
A short position in the $117,000-$117,500 region seems justified if the price experiences a bounce, while a double bottom formation at $114,000 combined with a bullish divergence would confirm the case for a long position.
4-hour chart of BTC/USD on Bitstamp 1 2025 of August
On the hourly chart Bitcoin is declining smoothly, with small upward pullbacks. A pronounced surge in volume during the last decline, followed by a gradual decline, may indicate a potential reversal point.
Currently, small-bodied candles at recent lows are suggesting a possible base formation. Scalpers are advised to consider long positions above $114,500 if the bullish engulfing candle confirms strength or short positions below $115,000 in case of price rejection. Profit targets for these trades should remain conservative, capped at 200-300 pips due to intraday volatility.
BTC/USD Hourly Chart Bitstamp 1 2025 of August
Oscillators indicate continued market indecision. The Relative Strength Index (RSI) is at 46, Stochastic is at 28, and Commodity Channel Index (CCI) is at -258. All of this points to neutral sentiment. Meanwhile, the Average Directional Index (ADX) at 21 and Momentum at -5123 point to underlying bearish tendencies. The Moving Average Convergence Divergence (MACD) is at 1208, which also reflects strong bearish pressure.
Moving average (MA) readings support this bearish outlook in the short term, with both the 10-day and 20-day exponential moving averages (EMA) and simple moving averages (SMA) giving negative signals. However, longer-term indicators such as the 50-day, 100-day and 200-day EMA and SMA continue to support the uptrend. This divergence between short-term and long-term averages hints at a possible lower structure forming if support levels hold.