The post Bitcoin (BTC) Price Prediction for August 17, 2025 appeared on BitcoinEthereumNews.com.

The Bitcoin price today is holding around $117,600, showing mild losses on the session after a volatile dip to $116,500. Price action continues to oscillate within an ascending channel structure that has guided BTC higher since March. Despite the broader bullish bias, rejection from the $122,500 zone earlier this week has left buyers struggling to reclaim momentum, while exchange flows hint at distribution pressure. What’s Happening With Bitcoin’s Price? On the daily chart, BTC remains inside a rising channel, with the midline near $117,200 currently acting as pivot support. The structure remains bullish as long as price stays above $113,500, the lower channel boundary. RSI holds near 55, suggesting neutral momentum, while the True Strength Index has flattened around 10, showing waning bullish drive after weeks of gains. The 4-hour chart highlights BTC trading between dynamic support at the 200 EMA ($116,380) and resistance at the 50 EMA ($118,447). Bollinger Bands are tightening around $117,700, signaling compression ahead of a volatility expansion. Why Is The Bitcoin Price Going Down Today? Multiple rejections at $122,000–$122,500 and a supply zone also flagged by Fibonacci 0.382 resistance contribute to the short-term weakness in the Bitcoin price. The Supertrend indicator has flipped bearish under $121,000, reinforcing this pressure. Meanwhile, DMI readings confirm a cautious environment, with -DI at 26.8 slightly above +DI at 24.6, showing sellers holding a marginal edge. Exchange flows add weight to the downside bias. On August 16, spot netflows indicated outflows of -$47.1M, which reflect profit-taking and distribution during periods of strength. This negative trend has capped upside momentum and explains why BTC is struggling to retest the $120K level. Technical Indicators Highlight Crucial Inflection Zone BTC’s short-term structure is defined by clustered support between $116,500 and $117,200. This band includes the 200 EMA, trendline support from July, and pivot…

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Filed under: News - @ August 16, 2025 4:23 pm