Bitcoin (BTC/USD) Market Sustains Upward Momentum Amid Structural And Indicator Alignment
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Bitcoin Price Prediction – August 14
Bitcoin (BTC/USD) market sustains upward momentum amid structural and indicator alignment. The market maintains a bullish disposition, with price action trending above the 9-day SMA at $118,830 and the MACD histogram showing positive momentum.
The pair has consistently built higher lows since late July, confirming sustained buyer participation. The bullish structure remains intact, with the prevailing sentiment supported by the recent break of structure (BOS) above $123,230, positioning the market in favor of further upside exploration.
Bitcoin experiences temporary retracement
Bitcoin experienced a significant price drop, causing many long positions to be liquidated. Despite this, a strong support level around $118,830 is anticipated. The market remains bullish on higher time frames, but a bearish trend is noted on the hourly chart. Traders are advised to watch key levels for potential long or short positions.
BTC/USD Market Key Levels:
Resistance Levels: $125,000, $130,000, $136,000
Support Levels: $115,000, $108,390, $95,980
BTC/USD – Daily Chart
The BTCUSD daily chart shows that the market’s order flow still remains bullish.
The recent pullback from the $123,230 resistance level reflects short-term profit-taking rather than a reversal. Price has retracted towards the $118,830 zone, with a potential liquidity sweep into the $115,000 demand block, also marked as an order block (OB). This area is historically significant as it coincides with a prior market base (MB) and has previously triggered impulsive bullish rallies. The structure remains well-oriented towards continuation as long as the $115,000 level holds firm.
What is the likely projection of BTCUSD?
Forward projections indicate that if BTCUSD sustains above the $115,000 demand zone, buyers could regain momentum to retest $123,230. A decisive breach above this level would likely open the path to the $125,000 and $130,000 zones, with an extended target at $136,000 in the medium term. The bullish bias remains the dominant outlook, supported by trend continuity, momentum indicators, and price structure integrity.
BTC/USD – Four-Hour Chart
BTCUSD has broken below its ascending trendline, signaling a bearish shift. Price is likely to retest the order block and fair value gap zone near $123,230 before further decline.
The MACD shows weakening momentum with a bearish crossover developing. Key downside targets lie at $115,000 and potentially $112,620 if sellers maintain control.
Bitcoin (BTC) Current Statistics
The current price: $118,860
Market Capitalization: $2,370,000,000,000
Trading Volume: $91,200,000,000
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