{"id":12815,"date":"2025-08-23T11:55:30","date_gmt":"2025-08-23T11:55:30","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=12815"},"modified":"2025-08-23T11:55:30","modified_gmt":"2025-08-23T11:55:30","slug":"bitcoin-price-analysis-this-key-resistance-stands-in-btcs-path-toward-new-ath","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=12815","title":{"rendered":"Bitcoin Price Analysis: This Key Resistance Stands in BTC\u2019s Path Toward New ATH"},"content":{"rendered":"<p>Bitcoin\u2019s price has been retracing after setting a new all-time high above $124K. However, following yesterday\u2019s Federal Reserve announcement regarding a possible interest rate cut, the market found support at a key level and bounced. If this zone continues to hold, BTC could be primed for another upward rally.<\/p>\n<p>By Shayan<\/p>\n<h2>The Daily Chart<\/h2>\n<p>On the daily chart, Bitcoin has recently broken below its long-term ascending channel, signalling a potential trend reversal. Yet, with the likelihood of an upcoming interest rate cut, the price has rebounded strongly from the $110K support zone, which also aligns with the 100-day moving average.<\/p>\n<p>At the same time, the RSI is hovering near 50, reflecting market indecision and neutral momentum. As long as the price remains beneath the lower boundary of the broken channel, the risk of a deeper decline, with the 200-day moving average being a potential target near the $100K area, persists. However, if the current rebound gathers strength, a rally toward the $130K region and possibly higher remains a likely scenario.<\/p>\n<p><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTC-Daily-3-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-409802\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTC-Daily-3-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1357\" \/><\/a><\/p>\n<h2>The 4-Hour Chart<\/h2>\n<p>The 4-hour chart highlights the recent price action with more clarity. As soon as Bitcoin touched the $112K support, which aligns with the major low from early August, the market reacted sharply to the interest rate news, triggering a nearly vertical rally toward the $117K resistance zone.<\/p>\n<p>While momentum currently favors the buyers, the $117K level remains a key hurdle. If this resistance holds, the price could easily retreat back to the $112K support level or even lower. A decisive breakdown of this support zone would likely trigger a wave of long liquidations, potentially driving the market down toward the critical $100K level, which is the make-or-break area for the broader uptrend.<\/p>\n<p><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTC-4H-9-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-409803\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/BTC-4H-9-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1357\" \/><\/a><\/p>\n<h2>Onchain Analysis<\/h2>\n<h3>Funding Rates<\/h3>\n<p>Bitcoin\u2019s funding rates have remained consistently positive for an extended period, showing that the derivatives market continues to lean toward bullish positioning. While there have been small liquidation phases along the way, these corrections have not shifted the overall bias, as the futures market sentiment is still positive.<\/p>\n<p>What\u2019s notable is that the magnitude of the current funding rates is nowhere near the extreme peaks observed during previous major price tops. This suggests that the market is not yet overly overheated, leaving room for the bullish trend to continue potentially.<\/p>\n<p>However, in a positive funding environment, the risk of a liquidation cascade always lingers. If key support levels break, long traders could be forced out rapidly, intensifying the downside move and triggering a sharp correction.<\/p>\n<p><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Bitcoin-Funding-Rates-All-Exchanges-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-409804\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Bitcoin-Funding-Rates-All-Exchanges-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1440\" \/><\/a><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-price-analysis-this-key-resistance-stands-in-btcs-path-toward-new-ath\/\">Bitcoin Price Analysis: This Key Resistance Stands in BTC\u2019s Path Toward New ATH<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price has been retracing after setting a new all-time high above $124K. However, following yesterday\u2019s Federal Reserve announcement regarding a possible interest rate cut, the market found support at a key level and bounced. If this zone continues to hold, BTC could be primed for another upward rally. By Shayan The Daily Chart On [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-12815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Price Analysis: This Key Resistance Stands in BTC\u2019s Path Toward New ATH - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=12815\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Analysis: This Key Resistance Stands in BTC\u2019s Path Toward New ATH - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin\u2019s price has been retracing after setting a new all-time high above $124K. 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