Bitcoin (BTC) Price Prediction for August 15
Bitcoin price is currently trading at about $123,280, which is up 0.44% from yesterday. It broke through the $122,000–$122,500 resistance level. The breakout comes after a lot of buying pressure and strong outflows from exchanges, with spot netflow data showing a $78.50M withdrawal on August 14. This indicates heightened accumulation as BTC tests the upper boundary of its rising channel.
What’s Happening With Bitcoin’s Price?
BTC has been going up strongly on the daily chart since late July, breaking a change of character (CHoCH) level and getting back into a bullish structure. Price is now testing a weak high around $123,287, and the Parabolic SAR dots are far below price at $114,352, which shows that the market is bullish. The main area of demand is between $112,000 and $116,000, which is where a lot of order blocks from recent accumulation phases are located.
The 4-hour chart shows that BTC price is trading in an upward channel, following both trendline support and resistance. The midline has been a short-term dynamic pivot, and the price is now getting close to the up…
The post Bitcoin (BTC) Price Prediction for August 15 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for August 17, 2025: Key Support at $116K Tested as Bulls Defend Uptrend
Bitcoin (BTC) Price Prediction for August 15
Bitcoin price is currently trading at about $123,280, which is up 0.44% from yesterday. It broke through the $122,000–$122,500 resistance level. The breakout comes after a lot of buying pressure and strong outflows from exchanges, with spot netflow data showing a $78.50M withdrawal on August 14. This indicates heightened accumulation as BTC tests the upper boundary of its rising channel.
What’s Happening With Bitcoin’s Price?
BTC has been going up strongly on the daily chart since late July, breaking a change of character (CHoCH) level and getting back into a bullish structure. Price is now testing a weak high around $123,287, and the Parabolic SAR dots are far below price at $114,352, which shows that the market is bullish. The main area of demand is between $112,000 and $116,000, which is where a lot of order blocks from recent accumulation phases are located.
The 4-hour chart shows that BTC price is trading in an upward channel, following both trendline support and resistance. The midline has been a short-term dynamic pivot, and the price is now getting close to the up…
The post Bitcoin (BTC) Price Prediction for August 15 appeared first on Coin Edition.
Read More