The 3% daily surge highlights Bitcoin’s resilience amid macroeconomic uncertainty, reinforcing its appeal as a potential hedge while attracting attention from both institutional and retail investors alike.

Market Overview: Bitcoin Technical Analysis Highlights

Bitcoin (BTC) currently trades near $115,700, marking a 2.5% increase in the last 24 hours and reflecting strong investor confidence. Ethereum, XRP, and Solana also showed notable gains, indicating broader market momentum.

Bitcoin (BTC) was trading at around $115,732, up 2.51% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin

From a technical standpoint:

Resistance: Bitcoin faces selling pressure between $116,500–$118,000. A decisive break above $118,500 could trigger a rally toward $123,000 and the psychological $130,000 barrier.

Support: $112,000 remains a crucial support level. Breaching this could expose BTC to a correction toward $108,000.

Indicators:

50-day SMA: Upward trending, supporting bullish momentum.

RSI: Positioned near 54, suggesting room for further upside.

MACD: Indicates weakening bearish pressure, though volume confirmation is essential for a breakout.

Analysts note a symmetrical triangle pattern forming, which often signals trend continuation. Holding $112,000 could provide the base for a breakout toward $120,900 or higher.

Trend and News Factors: Jackson Hole, Whales, and Bitcoin Halving 2025

Powell’s Jackson Hole address highlighted progress in cooling inflation while maintaining a “data-dependent” stance. He suggested a 25-basis-point cut in September is likely but warned against expecting aggressive reductions. This measured tone influenced both equities and cryptocurrencies, prompting traders to weigh optimism with caution.

Fed Chair Jerome Powell indicated that prevailing economic conditions could justify upcoming interest rate cuts. Source: @WatcherGuru via X

Whale activity has been notable in recent weeks, with large holders quietly accumulating Bitcoin. According to Glassnode, these movements align with growing institutional adoption, including ETF inflows, bolstering BTC’s long-term bullish potential.

Looking ahead, the Bitcoin halving in 2025 is shaping investor expectations. Historical cycles suggest halvings often precede strong price rallies, and many traders are positioning for potential upside ahead of the event.

Expert Insights: Bitcoin as an Inflation Hedge and Long-Term Outlook

Market strategists highlight Bitcoin’s increasing appeal as an inflation hedge. Leah Wald, CEO of SOL Strategies, forecasts BTC could reach $175,000 by the end of 2025, citing backing from institutional giants. Meanwhile, Galaxy Digital CEO Mike Novogratz stresses that macroeconomic conditions remain critical to realizing these gains.

Bitcoin has confirmed a trend reversal, shifting from bearish to bullish momentum with clear upside targets now in focus. Source: Tamesgroup on TradingView

Liquidity and monetary policy remain key drivers. Analysts emphasize that Bitcoin responds not merely to interest rate cuts, but to the availability of capital. A dovish Fed, coupled with a weaker dollar, can create favorable conditions for BTC inflows, driving demand across retail and institutional channels.

Layer 2 solutions, like Bitcoin Hyper and Lightning Network expansions, also enhance BTC’s utility for low-fee transactions, further solidifying its role in the broader financial ecosystem.

Final Thoughts

Bitcoin’s immediate trajectory hinges on defending the $112,000 support while attempting to surpass $118,500 resistance. Success could open the path to $130,000, while failure may trigger a short-term pullback toward $108,000.

Long-term, BTC remains underpinned by institutional accumulation, ETF adoption, and macroeconomic positioning as an inflation hedge. With the 2025 halving and potential shifts in Fed policy, Bitcoin could continue to attract capital inflows, setting the stage for a robust bull cycle.

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Filed under: Bitcoin - @ August 23, 2025 1:24 pm