Forecast for Bitcoin (BTC) Cost on August 15

Forecast for Bitcoin (BTC) Cost on August 15

In the world of cryptocurrencies, the bullish trend for Bitcoin (BTC) continues, with the digital asset reaching a new all-time high of $124,198.52 on August 14. However, a correction may be on the horizon if bulls fail to regain control.

As of press time, Bitcoin is trading at $118,539, a 0.4% decrease since yesterday. If the $118,000 mark is broken, a potential test of the $117,000 area may occur. It is important to note that the prediction does not provide a specific price target for Dogecoin (DOGE) on August 14.

Technical analysis indicates that Bitcoin's bullish momentum could continue, with potential resistance around $130,000. Support levels are noted around $112,021.52 and $98,309.41. A close above $114,757.96 would confirm a bullish reversal pattern, but a substantial correction is also possible given Bitcoin's historical volatility.

On August 14, BTC prices fluctuated between $119,871 and $124,474, then traded near $121,800 by 09:30 UTC, showing a modest upward move of 1.61% during the day. Following the peak, fears around inflation caused Bitcoin to dip about 5%, trailing below $118,000 shortly after the new all-time high.

However, the overall atmosphere also factored in potential Federal Reserve rate cuts in September, which boosted optimism, potentially triggering more risk appetite among investors diving into cryptocurrencies like Bitcoin and Ethereum.

From a midterm perspective, the Bitcoin market is bearish. If the breakout of the $118,000 mark in Bitcoin occurs, it may indicate a bearish trend. For Bitcoin traders on the longer time frame, the focus is on the daily bar closure in terms of yesterday's candle low.

It is worth noting that some coins are in the red zone according to CoinStats, indicating a bearish trend for those specific cryptocurrencies.

Investors are advised to watch for technical support levels and potential corrections given the volatile nature of the asset. Despite the potential for a correction, the overall market remains bullish, with a strong possibility of further gains. The immediate price prediction indicates an upward trajectory toward $130,000 and beyond, balanced by caution over possible sharp downturns.

[1] U.Today. (2025, August 14). Bitcoin Price Prediction: BTC Dips Below $120,000 After New ATH, What’s Next? Retrieved from https://u.today/bitcoin-price-prediction-btc-dips-below-120-000-after-new-ath-whats-next

[2] CoinTelegraph. (2025, August 14). Bitcoin Dips Below $120,000 Amid Inflation Fears, But Analysts Say It's a Buying Opportunity. Retrieved from https://cointelegraph.com/news/bitcoin-dips-below-120-000-amid-inflation-fears-but-analysts-say-its-a-buying-opportunity

[3] Investing.com. (2025, August 14). Bitcoin Price Forecast: BTC/USD Bullish, Eyes $130,000. Retrieved from https://www.investing.com/news/cryptocurrency-news/bitcoin-price-forecast-btc-usd-bullish-eyes-130000-2690028

1. Given the bullish outlook for Bitcoin, investors might consider crypto trading with a focus on Bitcoin, aiming to capitalize on potential price increases that could lead to a new high, currently at $130,000 according to forecasts.
2. Despite the recent dip below $120,000 due to inflation fears, some analysts view this as a buying opportunity in the world of finance, recommending investors to invest in Bitcoin, expecting a possible upward trajectory beyond the current prediction.
3. In the technologically advanced field of cryptocurrencies, Bitcoin continues to show promising potential for further growth. However, traders must remain cautious about both potential gains and substantial corrections given the digital asset's volatility.

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