Technical Analysis Summary for August 24, 2025
BTC
89,071.11
+1.87%
1. Current Situation:
Bitcoin (BTC) is trading around $114,808, down from the daily high of $115,579 and the low of $114,574.
Over the past week, the currency has seen a correction to around $114,000, within a Consolidation phase due to global economic uncertainty.
2. Support and Resistance:
The current strong support level is positioned between $116,000 - $117,000.
There is a possibility for the price to bounce towards $117,000 due to the formation of a CME gap — these gaps are often closed during subsequent sessions.
Liquidation levels on platforms show resistance at $119–120.