BTC at $114.7k - Ready for a Moonshot or Cliff Dive? My Take - August 24, 2025

I've been staring at these BTC charts all night, and let me tell you - this market is a powder keg waiting to blow. The price has been trapped in this maddening $114,600-$115,600 box for days now. It's driving me insane watching bulls and bears duke it out, neither side gaining an inch.

The 1H chart is basically a battlefield of fake-outs. Every time I think we're breaking up, the price gets smacked down. Every dip gets bought up instantly. Those tiny-bodied candles with long wicks? That's the big players toying with retail traders like us, hunting stops before they make their real move.

I'm seeing something interesting though - the RSI keeps finding higher lows even when price looks flat. Classic hidden bullish divergence. The whales are accumulating while making it look like nothing's happening. Sneaky bastards.

The MACD is compressed to hell - almost flatlined. Don't be fooled though! I've seen this pattern dozens of times before big explosive moves. When it finally breaks, it'll be violent.

What's really telling is the volume patterns. Have you noticed how volume spikes when we dip to $114,600? That's real buying pressure. When we push toward $115,600, volume dries up. Sellers are getting exhausted!

Looking at the 4H timeframe, we're dealing with the broader $113K-$116K range that's become August's battleground. The $113K-$113,200 zone is absolutely critical - there's $1.3B in long liquidations waiting if this breaks. God help us all if that happens - it'll be a bloodbath.

If we can finally smash through $116K though? There's $423M in shorts just waiting to get obliterated. That squeeze could rocket us straight to $120K+ without stopping for breath.

Yesterday was frustrating - another failed attempt at breaking $115,600. But I noticed something important - there was no panic selling when we got rejected. The support at $114.5K held like a champ. Bulls are tired but they're not giving up.

The Fibonacci levels don't lie. From the $110,200 low to $115,600 high:

• $113,200 (38.2% retracement) is make-or-break support
• If we lose the "Golden Pocket" at $112,300, I'm flipping bearish immediately
• A clean break of $116K targets $125K (1.618 extension)

Looking at the order books, the Golden Pocket shows massive bid walls. That's where institutions are layered up. They're not stupid - they want your coins before the next leg up.

I've got two trade setups in mind:

For longs: Buy the $113,200-$113,500 zone if it bounces with volume. Stop at $112,800 and targets at $116K, $120K, and $125K. But only if I see that volume spike and RSI crossing above 60. Without those confirmations, I'm not touching it.

For shorts: Only entering if we get a clean breakdown below $113K. Stop tight at $113,500 and targets at $112.3K, $110K, and maybe $108K if panic selling kicks in.

The whole market's on edge. Bulls are confidently defending $113K, bears keep slamming the price back from $116K. Whichever side breaks first, the move will be explosive.

My gut says we're coiling for an upside break, but markets love to hurt the most people possible. I'm staying nimble and watching for volume confirmation.

Will BTC rocket to $125K or crash through $113K? What's your bet?

#Bitcoin #BTC #CryptoAnalysis #Fibonacci #CandleTimes