Technical analysis by BullBearInsights about Symbol BTC on 8/12/2025

Bitcoin is holding steady in the 118K–122K range, showing resilience even as broader markets remain cautious.
This move isn’t just retail hype — institutional inflows, ETF demand, and post-halving optimism are all playing a role.
From a macro lens, Bitcoin is acting like it wants higher levels, but it’s pressing right up against a make-or-break zone. Macro View — Why I’m Watching Closely * Institutional flows are steady, giving BTC a stronger bid. * Regulatory sentiment has turned more favorable, opening the door for broader adoption. * Post-halving seasonality still supports an upside bias, but macro volatility (strong USD, equity pullbacks) could create speed bumps. If BTC can clear and hold above $120K–$123K, history suggests momentum could push quickly toward the $130K–$135K range. Technical View — Based on the Daily Chart * Immediate resistance: 123,231 — the ceiling Bitcoin must break for the next leg up. * Key support: 118,525 — defending this keeps bulls in control. * Major demand zone: 100,020 — where buyers may step in hard if we see deeper selling. Indicators: * MACD: Histogram curling up, showing bullish momentum forming, but signal crossover still needs confirmation. * Stoch RSI: Rising from oversold, now in the 80+ zone — bullish pressure, but nearing short-term exhaustion. * SMC Structure: Recent CHoCH to the downside; reclaiming above 123K would flip bias back to bullish continuation. Trading Plan Bullish Scenario: * Trigger: Daily close above 123,231 with strong volume. * Target 1: 137,500, Target 2: 140,000. * Stop-loss: Below 118,500 to guard against fake breakouts. Bearish Scenario: * Trigger: Rejection at 123K with close below 118,525. * Target 1: 110K, Target 2: 100K demand zone. * Aggressive traders may short the rejection candle with stops just above 123K. Bottom Line The macro story supports higher prices, but the daily chart is clear — Bitcoin is trapped between 118K and 123K, and the break from this box will decide the next major move.
A push over 123K could ignite a sharp rally, while a breakdown under 118K risks opening the door to much lower levels. I’m keeping cash ready for either scenario — in crypto, the big moves rarely wait for you to “get ready.”