Technical analysis by Gold_Hunters_Club about Symbol BTC: Sell recommendation (8/23/2025)

Bitcoin (BTC) price remains under pressure this week, consolidating above $111,980 support after dropping more than 3%. BTC pullback continued as weakening demand and profit-taking keep weighing in, as spot Exchange Traded Funds (ETFs) saw over $1.15 billion in outflows. Traders now look to Federal Reserve (Fed) Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium this Friday, which could provide fresh cues for the next directional move for riskier assets such as Bitcoin. Bitcoin price continued its correction so far this week, falling over 3% and reaching a low of $112,015 on Thursday, having declined nearly 8% from its all-time high of $124,747 on August 14. The falling institutional demand fueled this price pullback. SoSoValue data shows that Bitcoin Spot ETFs have recorded a total of $1.15 billion in outflows until Thursday, the highest outflow since early March. If this outflow continues and intensifies, BTC could see further correction ahead.Target Completed 👍