Bitcoin (BTC) Price Prediction for August 6
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After a series of failed retests near $116,000, Bitcoin price today is holding just above a short-term support zone around $114,000. While the broader trend remains within an ascending channel, the price has entered a phase of tightening volatility. Several indicators are flashing indecision. With momentum weakening but support intact, BTC may be gearing up for a directional move.
Bitcoin Price Forecast Table: August 6, 2025
| Indicator/Zone | Level / Signal |
| Bitcoin price today | $114,448 |
| Resistance 1 | $116,155 (Supertrend resistance) |
| Resistance 2 | $118,083 |
| Support 1 | $113,751 (SAR) |
| Support 2 | $111,976 |
| Daily Channel Support | ~$111,000 |
| RSI (30-min) | 41.82 (Bearish bias) |
| MACD (30-min) | Bearish, declining histogram |
| TSI (30-min) | -13.25 (Flat, weak) |
| VWAP (Session) | Price below $114,665 |
| DMI (4H) | -DI leads, ADX rising |
| Open Interest | $79.25B (↓0.91%) |
| Long/Short Ratio (Binance) | 0.979 (Neutral to Bearish) |
What’s Happening With Bitcoin’s Price?
On the daily timeframe, Bitcoin continues to trade within the broad rising channel structure formed since April. After peaking near $123,000 in July, price has pulled back toward the midline of the channel and is now hoveri…
The post Bitcoin (BTC) Price Prediction for August 6 appeared first on Coin Edition.
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Coins
$ 64.08K
+1.64%$ 0.0575
+4.20%$ 0.0000824
$ 0.000207
$ 0.001
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