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Bitcoin (BTC) Price Prediction for August 7
Aug 6, 2025
< 1 min read
by Parshwa Turakhiya
for CoinEdition
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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/Zone | Level / 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 Dominance | 60.64% (stable but cooling) |
What’s Happening With Bitcoin’s Price?
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 l…
The post Bitcoin (BTC) Price Prediction for August 7 appeared first on Coin Edition.
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