Bitcoin shows clear strength despite a recent pullback from its new all-time high near $124K. Technical indicators suggest a period of consolidation or correction may follow—but underlying momentum, fueled by institutional demand and favorable regulatory developments, keeps the door open for a renewed surge toward $130K–$150K, or possibly even $200K by year-end in optimistic scenarios.
In this article, we will look at bitcoin next target and latest news.
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Bitcoin Next Target
- Current Price: Approximately $116,739 per BTC, with an intraday range between ~$114,742 and ~$118,012
- Market Capitalization: Approximately $2.29 trillion, based on circulating supply of ~19.91 million BTC
- 24-Hour Trading Volume: Around $23.26 billion
- Circulating Supply: ~19.91 million BTC out of a maximum of 21 million BTC; fully diluted valuation ~ $2.42 trillion
Perfectly moving downward the complete the pattern.
Key Indicators & Technical Signals Used for Forecasting
- Rising Volatility After ATH: Bitcoin recently surpassed its previous all-time high (ATH) of ~$124K on August 14, indicating strong momentum but followed by a correction phase
- Potential Pullback Risk: Analysts like Lark Davis and Michaël van de Poppe have warned of deeper corrections, suggesting Bitcoin could retrace down to ~$108K–$112K range if volatility spikes
- Short-Term Technical Consolidation: BTC recently broke out of a rising channel and is consolidating around $115K–$116K. Failing to reclaim the 50-day simple moving average near $117,695 may indicate weakening momentum. Spinning top candlestick patterns around $116K suggest indecision
- Historical Pattern Signals Caution: Technical analysis comparing price movement to previous post-halving cycles raises the possibility of a correction in September before another rally toward a cycle peak later in the year
Forecast Outlook
- Bullish Scenario: Strong institutional interest, a dovish policy backdrop, and a breakout above $118K–$120K could push BTC further toward $130K–$150K. Some bullish projections, buoyed by macro tailwinds and 401(k) inclusion, even suggest an upswing toward $200K by year-end
- Moderate Outlook: If prices remain capped below $118K, Bitcoin is likely to trade in a range between $112K–$120K for a while. Breaking below $115K may open the path toward $108K–$112K support levels
- Bearish Scenario: A failure to hold above $115K, coupled with technical signals and historical patterns pointing to vulnerability, could lead to a correction toward $108K or lower before resuming any recovery
Latest News Highlights
- Post-ATH Volatility: Bitcoin soared to around $124,000 on August 14, propelled by ETF inflows, anticipated Fed rate cuts, and favorable regulatory policies—including allowing crypto in 401(k) retirement plans
- Regulatory Optimism: The U.S. SEC appears to be shifting toward a more innovation-friendly stance, further enhancing confidence in crypto assets like Bitcoin
- Correction Begins: Bitcoin has extended its pullback into Monday trading, with positions under pressure as traders take profits after recent rallies
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