As of August 14, 2025, BTC/USD (Bitcoin/US Dollar) is trading near $123,675 on the 1-hour chart, approaching the key resistance level of $124,000. The recent price action has been characterized by consecutive bullish candles and increasing volume, indicating the potential for a short-term breakout.
This upward momentum is also aligned with improving sentiment across the broader cryptocurrency market. Supportive macroeconomic factors such as U.S. economic indicators, interest rate forecasts, and capital inflows from the ETF market are providing tailwinds for Bitcoin. In this article, we will analyze BTC/USD's short-term price movements and strategic trade points through the lens of technical analysis.
On the chart, the short-term moving average (20 EMA) is steadily rising and remains above the long-term moving average (200 SMA). Of particular note is the formation of a near "golden cross," where the 20 EMA has clearly crossed above the 200 SMA—often viewed as a signal for a potential medium-term bullish trend.
Moreover, the price remains above both moving averages, suggesting they are acting as dynamic support. The slope and separation between the moving averages also serve as strong indicators of momentum strength and can be utilized as technical grounds for dip-buying strategies.
The current MACD (Moving Average Convergence Divergence) shows the MACD line continuing to move above the signal line, with the histogram expanding further into positive territory. This structure reinforces confidence in the recent price rise and confirms ongoing bullish momentum in the broader market.
Historically, when the MACD line crosses above the zero line, it often marks the start of strong bullish trends. This current move resembles such past instances. Analysis using MACD is especially effective on the 1-hour chart, offering highly accurate timing signals for day traders.
The ADX (Average Directional Index) is currently reading at a high level between 60 and 70, indicating a very strong trend in the market. Typically, an ADX above 25 suggests a clear trend, while readings above 50 indicate a "strong trend" is in place.
Additionally, the widening gap between +DI (buying pressure) and -DI (selling pressure) supports the interpretation that buyers are clearly in control. Analysis using the ADX is particularly useful for distinguishing trending markets from ranging ones and is crucial for identifying valid entry signals.
Volume on the chart is increasing in step with the rising trend. Notably, volume surged after breaking above the $123,000 mark—often regarded as a reliable signal of a "breakout with volume."
The fact that volume is increasing even as price enters higher zones suggests that new buyers are continuing to enter the market, increasing the likelihood of sustained bullish momentum.
| Level | Price | Meaning / Rationale |
|---|---|---|
| Short-Term Resistance | $124,000 | Psychological threshold, area with multiple upper wicks |
| Next Target | $125,000 | Historical high zone, potential trend acceleration level |
| Short-Term Support | $121,000 | Intersection with 20 EMA, recent pullback area |
| Mid-Term Support | $118,000 | Near 200 SMA, previous range lower bound |
Given the current technical landscape, BTC/USD appears poised to break through the $124,000 resistance level with continued strong buying pressure and momentum. When both MACD and ADX indicate bullish trends, buying the dip becomes a valid strategy. The $121,000 to $118,000 zone offers a potential entry area for strategic positioning.
However, the $124,000–$125,000 range has historically attracted profit-taking, suggesting the possibility of short-term pullbacks. Monitoring price behavior around these levels will be critical to assessing whether the trend will continue or pause.
Based on technical analysis, BTC/USD currently enjoys support from multiple bullish signals—including a golden cross of moving averages, strong MACD momentum, high ADX values, and increasing volume.
Short-term traders should closely watch the $124,000 resistance battle and validate support levels in case of pullbacks. Medium-to-long-term investors may consider entering on dips. A confirmed breakout above $125,000 would likely mark a new phase of bullish continuation.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own due diligence before making any investment decisions.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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![BTC/USD Technical Analysis: What’s Next for Bitcoin on the 1-Hour Chart? [August 2025]](https://fixiomarkets.com/storage/Article/gHNCZ7SF6Z7z9RRrM3ZJmD5bSR08ArI63hSObAW5.jpg)
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