As of August 13, 2025, BTC/USD (Bitcoin/US Dollar) has shown a strong upward trend, approaching the $120,000 level before stalling slightly around $119,500. This can be interpreted as a short-term correction or a consolidation phase before the next breakout.
This report provides a detailed breakdown of the future price action of BTC/USD based on classical methods of technical analysis, analyzing the chart from the following perspectives:
The current price is clearly above both the 20EMA (blue) and 200SMA (red), which serves as a bullish confirmation signal for trend-following traders.
Notably, the 20EMA has crossed above the 200SMA in what resembles a “golden cross,” suggesting the beginning of a new medium-term uptrend. The slope of both moving averages is upward, and the price has not broken below the 200SMA throughout this period—an indication of strong underlying support.
The MACD line remains above the signal line, and the histogram stays slightly in positive territory. This indicates that while bullish momentum is decreasing slightly, upward pressure still persists.
The shrinking histogram reflects a phase of energy accumulation and may precede the next major price movement. Changes in MACD are considered a critical signal for short-term strategies as part of the momentum indicators category.
ADX (Average Directional Index) previously surged near 80, indicating a strong trend, but has since cooled down to around 50. This suggests that the trend may be maturing, but since it remains well above 25, the market is still classified as trending rather than ranging.
If ADX begins to climb again, it may be a precursor to the start of a new trend (upward or downward), making it a critical indicator to monitor closely.
The recent uptrend was accompanied by a noticeable spike in volume, which has since declined as the price entered a sideways phase. This is a classic pattern often seen in post-breakout consolidation.
For the uptrend to resume, another increase in volume is needed to support higher prices. Conversely, a drop below support with low volume might be a false breakdown, making it a potential buy-the-dip opportunity.
Level | Price | Significance / Rationale |
---|---|---|
Short-Term Resistance | $122,000 | Recent high zone where multiple rejections occurred |
Next Target | $125,000 | Psychologically significant round number |
Short-Term Support | $119,000 | Lower edge of current range and near the 20EMA |
Mid-Term Support | $117,000 | Near 200SMA and aligns with a previous high-volume price area |
Traders should consider the following scenarios when building their strategy:
Monitoring price behavior around these support and resistance levels, along with MACD and ADX signals, will be essential for risk-managed trading decisions.
The sideways movement near the $120,000 mark represents a key moment for traders to determine whether the market is consolidating before another leg up or entering a deeper correction. By observing the interaction between price action and technical indicators like moving averages, MACD, ADX, and volume, traders can better anticipate the next trend.
Making informed trading decisions based on data and signals is the foundation for consistent long-term results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always conduct your own research and trading decisions responsibly.
← Back to Blog ListThis 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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