As of August 8, 2025, BTC/USD (Bitcoin/US Dollar) has broken above the key resistance level of $116,000 on the 1-hour chart, reaching close to $117,800. This movement signals a potential shift from the previous sideways consolidation into a new upward trend. In this article, we analyze this development using technical analysis tools such as moving averages (MA), MACD, ADX, and volume.
The 50-hour moving average (blue) is approaching the 200-hour moving average (red), indicating a potential "golden cross" — often seen as a strong bullish reversal signal. If this crossover occurs, it could invite more buyers into the market.
Currently, the price is above both MAs, with upward sloping curves confirming a short-term bullish trend structure. You can learn more about moving averages on Wikipedia for a deeper understanding.
The MACD (Moving Average Convergence Divergence) line continues to stay above the signal line, while the histogram remains in positive territory — visual confirmation of ongoing bullish momentum.
This is not a mere price spike but rather a structured rally backed by solid technical momentum. For an overview of momentum-based indicators, refer to the momentum and ROC section on Wikipedia.
The ADX (Average Directional Index) currently hovers around 60, indicating a strong trending environment. While ADX values above 25 are generally considered trend-confirming, a level of 60 further validates this market strength.
In addition, the +DI (positive directional indicator) significantly exceeds the -DI, showing bullish dominance in directional movement.
The breakout above $116,000 was accompanied by a spike in volume, lending credibility to the move. Price action supported by volume usually attracts broader market participation, reinforcing potential for continuation.
| Level | Price | Significance |
|---|---|---|
| Short-Term Resistance | $117,800 | Recent highs; multiple upper wicks observed |
| Next Target | $118,500 | Psychological round number; potential 2025 high |
| Short-Term Support | $116,000 | Breakout zone; increased volume area |
| Medium-Term Support | $114,500 | Confluence of 50EMA and 200SMA |
BTC/USD shows strong potential for continuation, backed by momentum and supportive technical structures. MACD, ADX, moving averages, and volume all indicate bullish conditions. However, the $117,800 resistance may invite temporary pullbacks or profit-taking, requiring caution among short-term traders.
If a retracement occurs, the $116,000–$114,500 area will likely act as a strong support zone. This 1-hour analysis should be complemented with higher timeframes (4H, daily) to refine your strategy and improve risk management.
BTC/USD has entered a critical phase after a clear breakout. While indicators are aligned bullishly, avoiding emotional entries (e.g., FOMO) is essential. Define entry and stop-loss levels clearly, and monitor price behavior at key zones.
By applying disciplined technical analysis across multiple timeframes and staying focused on momentum and confirmation signals, traders can approach this phase with greater confidence.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research before making any trading 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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