Technical analysis by ScottMelker about Symbol BTC on 8/25/2025

Bitcoin is sitting in a critical spot on the weekly chart, trading just above the $112K support zone after several weeks of drifting lower from resistance around $123K. This range – $112K to $123K – has become the battleground for momentum. If BTC can reclaim and close above $123K, the door opens to fresh highs, but a failure to hold $112K puts the $100.7K demand zone directly in play. Below that, deeper supports sit at $89K and $73.8K, levels that previously acted as springboards for rallies. The good news for bulls is that the broader trend remains intact: the rising 50-week moving average is well below price, signaling structural strength. Volume has been moderate during the recent pullback, suggesting consolidation rather than a major reversal. In short, BTC is mid-range, with $112K as the line in the sand for bulls – lose it, and the next real test is $100.7K. Hold it, and a push back to\$123K becomes the obvious target.