Bitcoin (BTC) Price Prediction for August 5

After falling below key intraday support levels last week, Bitcoin price today remains range-bound near $114,400. Despite a modest rebound from sub-$112,000 levels, upside momentum continues to stall under a descending resistance line that has capped every short-term recovery since mid-July. With derivatives positioning still cautious and technicals pointing to compression, traders are watching the $116,000 region as the next key battleground.

Bitcoin Price Forecast Table: August 5, 2025

What’s Happening With Bitcoin’s Price?

Bitcoin price structure remains under pressure as seen on the 4-hour chart, where BTC is trapped below a descending trendline extending from July’s local high. The red-box zone between $116,000 and $121,000 continues to act as a broad supply region. Price recently rejected from the lower boundary of this range and is now consolidating just above $114,000.

On the daily chart, BTC still trades within the rising channel established since March. However, it has now retraced toward the lower half of this channel, creating downside risk if the current support at $112,500 fails. The upper band of the Bull Market Support Band, near $104,400, remains a critical medium-term level, while the lower band sits near $101,400. Unless Bitcoin price can reclaim the midpoint of this channel around $121,800, bulls may struggle to reverse trend.

The On-Balance Volume (OBV) indicator on the daily chart has begun to flatten, hinting at fading accumulation pressure. While not yet reversing, the momentum profile has weakened over the past two weeks, suggesting traders remain hesitant to commit above current resistance levels.

Why Is The Bitcoin Price Going Down Today?

The reason behind the recent BTC stagnation and minor selloffs lies in both price structure rejection and mixed derivatives data. The 4-hour Bollinger Bands show a clear squeeze, indicating volatility compression. Price is currently pushing into the 20 EMA ($114,576), but remains capped by the 50 EMA ($115,792) and the 100 EMA ($116,201), all aligned just above. This cluster creates layered resistance.

Moreover, the Supertrend indicator remains bearish, with the trend flip level at $116,156. Until BTC closes above this zone, sellers may continue to dominate short-term direction. The Directional Movement Index (DMI) shows -DI still leading, and while ADX is not rising sharply, it confirms a lack of strong bullish trend.

Looking at derivatives, Coinglass data shows a -31.7% drop in daily trading volume alongside a slight -0.53% decline in open interest. This suggests lighter conviction among both bulls and bears. Notably, while Binance top traders are still net long (1.79 ratio), overall market positioning is flattening. The weighted funding rate remains near zero, reflecting neutrality and low directional bias from futures traders.

Indicators Show Momentum Stalling Near Key Levels

Short-term indicators reflect indecision. The 30-minute RSI sits at 48.01, drifting below the neutral 50 mark. This reading, along with the failure to reclaim VWAP mid-line resistance at $114,754, points to an unresolved tug-of-war. Price has briefly tested the upper VWAP band ($114,892) but failed to sustain above it.

The 4-hour MACD has not yet flipped bullish, and the RSI here is similarly stagnant. Bollinger Bands are still relatively tight, and the price remains near the midline. These are classic signs of a volatility breakout setup forming, but the direction remains unclear without volume confirmation.

VWAP-based price action shows multiple rejections at the session VWAP. Unless bulls can push above $114,900 and hold, this zone may continue to act as intraday resistance.

BTC Price Prediction: Short-Term Outlook (24h)

For Bitcoin price to regain strength, bulls must reclaim the $116,000 zone. This level not only aligns with the key EMAs and descending trendline, but also with the Supertrend flip threshold. A daily close above $116,200 would signal a potential breakout toward $118,000–$121,800, the upper end of the macro channel.

On the downside, a break below $112,500 risks opening the path toward $110,000 and $108,400, both of which coincide with historical demand zones on the 4-hour chart. If selling pressure accelerates, price may revisit the stronger support at $104,500, where the Bull Market Support Band provides backup.

With funding rates neutral, volume retreating, and RSI drifting, the short-term bias remains flat. Traders should monitor price response at $115,000–$116,200 for signs of breakout or fresh rejection.