Bitcoin (BTC) Price Prediction: BTC/USDT Keeps Testing the $120,000 Threshold
Estimated Reading Time: 3 minutes
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Date: August 13, 2025
The Bitcoin market has clearly moved on from its base around the $115,000 price level. However, repeated attempts to breach the $120,000 level have been unsuccessful. This is evident as the token has retreated and now trades below this threshold.
BTC/USDT Long-Term Trend — Bullish (Daily Chart)
Key Price Levels:
Resistance: $120,000, $125,500, $130,000
Support: $118,000, $115,500, $113,000
Price activity in the Bitcoin market has seen a pullback below the $120,000 level. Nevertheless, the overall upward trend remains intact, as price action retains support above the middle band of the Bollinger Bands (BB) indicator. Additionally, the latter part of the BB indicator appears more sideways than downward. Meanwhile, the Stochastic Relative Strength Index (SRSI) lines have entered the overbought region, with the terminal part of the indicator showing a deflection toward a bearish crossover.
Bitcoin Price Prediction: The $120,000 Resistance Remains Solid in the BTC/USDT Market
The behavior of price movement in the daily Bitcoin market suggests that the psychological resistance at $120,000 remains strong. Recent price action has attempted to breach this level, but without success.
However, price still stands above the middle band of the BB indicator, which has taken a sideways trajectory. The SRSI lines have also risen into the overbought zone but show a slight sideways deflection. Meanwhile, the ongoing session is represented by a red candle, indicating a possible pullback.
Bitcoin Price Prediction: BTC/USDT Maintains Promising Support (4-Hour Chart)
Examining the Bitcoin market on a 4-hour chart shows price action sitting on a key support level. The latest price candle is green and positioned directly on the middle band of the BB indicator.
However, it has an upper shadow, indicating that selling pressure is present. The BB indicator appears more converged now but still maintains an upward trajectory. The SRSI has delivered an upward crossover, though the terminal part of the indicator is moving sideways. Consequently, price action may still attempt to push toward the $123,000 level.
