Technical analysis by John_Isige about Symbol BTC on 8/15/2025

Bitcoin’s volatility has kicked into high gear. A fresh all-time high at $124,533 was followed by a sharp pullback below the $120K threshold. Worse-than-expected U.S. PPI data sparked profit-taking, with roughly $100M in leveraged longs liquidated within minutes. Price found support at the 20-day EMA and reclaimed the EMA9, keeping the short-term structure alive. Near term, bulls must reclaim $120,113 to re-engage the key resistance band at $122,783–$123,568. A daily close below $117,462 risks opening a deeper pullback toward $116,322–$115,769 and potentially lower. ⸻ Bullish scenario (next few weeks): • $118,319 / $118,932 – stabilization zone • $120,113 – must reclaim for upside • $122,783 / $123,568 – make-or-break resistance • $124,533 – ATH • $126,839 – 150% Fib projection • $130,964 – 161% Fib extension (medium-term target) ⸻ Bearish scenario (next few weeks): • $117,462 – decision point • $116,322 / $115,769 – key support • $114,477 – 38% retracement • $112,067 / $110,300 – deeper support • $108,267 / $107,425 – Golden Pocket • $106,472 / $105,697 – last-ditch area ⸻ Indicators: • 4H RSI – near sell trigger, needs quick recovery to neutral. • Daily RSI – back to neutral; stabilization would allow another breakout attempt. • Weekly RSI – early signs of fatigue but still above neutral.