Bitcoin (BTC) Price Prediction for August 7

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Bitcoin-(BTC)-Price-Prediction-Analysis

After retreating from July highs near $123,800, the Bitcoin price today is stabilizing above $113,000, hovering just above critical trendline and Supertrend support. While lower time frames show signs of pressure, bulls are holding the key mid-channel zone and the Supertrend flip near $111,950, suggesting a potential rebound setup if volume supports recovery.

Bitcoin Price Forecast Table: August 7, 2025

Indicator/ZoneLevel / Signal
Bitcoin price today$113,953
Resistance 1$115,200 (EMA cluster zone)
Resistance 2$116,457 (Fib R3 / prior rejection)
Support 1$112,800 (liquidity + Fib pivot)
Support 2$111,950 (Supertrend support)
Fibonacci Confluence Zone$112,165 to $113,000
Bollinger Bands (4H)Widening, neutral tone
EMA 20/50/100/200 (4H)Stacked in resistance band
Bull Market Support Band (1D)$101,434 – $104,423
Smart Money CHoCH (1D)Weak break near $114,200
Spot Netflow (Aug 6)-$68.04M (mild outflow)
BTC Dominance60.64% (stable but cooling)

What’s Happening With Bitcoin’s Price?

BTC price dynamics (Source: TradingView)

On the daily chart, Bitcoin price action has pulled back into a rising channel that originated in late April. The recent high near $123,800 marked a local top, and price has since corrected to retest the structure’s median around $113,000. This level coincides with the 4-hour Fibonacci 0.786 extension and the Supertrend flip at $111,957, providing immediate structural support.

BTC price dynamics (Source: TradingView)

The broader market remains bullish as BTC price trades well above the bull market support band, now ranging between $101,434 and $104,423. This zone remains intact and continues to provide macro confirmation for long-term buyers, especially as Bitcoin has avoided any daily close below the Supertrend since May.

Why Bitcoin Price Going Down Today?

BTC price dynamics (Source: TradingView)

The pullback in Bitcoin price today is largely driven by localized weakness in spot flows and rejection at Fibonacci R3 ($116,457) on the 4-hour chart. Price failed to maintain strength above $115,700, where the 20/50/100 EMAs have aligned to create a congestion zone. The 4-hour Bollinger Bands also narrowed sharply last week, leading to a volatility squeeze that broke to the downside.

BTC Spot Inflow/Outflow Data (Source: Coinglass)

Adding to the pressure, spot exchange netflows on August 6 showed an outflow of over $68 million, reflecting mild capital rotation or profit-taking near recent highs. 

BTC Dominance (Source: Coinglass)

Market dominance remains strong at 60.64%, but the rate of increase is slowing, indicating that BTC price may enter a period of range-bound consolidation unless bullish momentum revives.

BTC price dynamics (Source: TradingView)

The Smart Money Concepts chart on the daily timeframe shows a fresh Change of Character (CHoCH) forming just beneath the $114,200 zone. This weak break may suggest that sellers are attempting to flip short-term momentum, but liquidity remains heavy near $112,800, and buyers have not yet lost key market structure.

Bollinger Bands, EMAs, and Volume Signals Remain Mixed

BTC price dynamics (Source: TradingView)

The 4-hour chart shows BTC price hovering just beneath the 20 EMA at $114,244 and stuck between the 50 and 200 EMAs. All major EMAs are clustered between $114,200 and $115,800, creating a strong resistance wall. Without a clean breakout above this range, upside moves are likely to remain capped.

Bollinger Bands on the 4-hour chart are beginning to widen slightly again, indicating that a fresh volatility expansion phase may be underway. However, without a decisive move through the mid-band or a close above the 100 EMA at $115,777, the current recovery attempt remains vulnerable.

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

As long as Bitcoin price holds above $112,800, a potential rebound remains viable. A bounce from the rising channel and Fibonacci S3 support at $112,165 could lead to a retest of $115,200 followed by the stronger resistance zone near $116,400. A successful breakout here may push BTC back toward $118,300.

On the downside, failure to hold $112,800 or a breakdown below $111,950 would expose Bitcoin to deeper losses toward $110,000 and possibly $107,300, where prior demand zones and Fibonacci levels converge. Spot volume remains flat, and short-term indicators are yet to turn decisively bullish, so traders should watch for confirmation above the 20/50 EMA cluster before positioning aggressively.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


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