Bitcoin price prediction: BTC stalls below $115k after ending six-day losing streak

Traders Union
All News
Crypto
Bitcoin price prediction

Highlights

-Bitcoin fails to break above $115,000 after posting its lowest volume upday in six days

-Death cross on 4-hour chart and RSI weakness point to bearish pressure

-Consolidation tightens between $114,000 and $115,000 as traders wait for fresh catalyst

Sunday, August 3, brought some temporary relief. Bitcoin posted a mild recovery and attempted to reclaim lost ground, but the rebound stalled at the former support zone of $115,000, which has now turned into resistance. Despite the bullish attempt, the recovery lacked conviction. Volume declined sharply during the weekend bounce, making Sunday’s upday the lowest in daily volume over the last six trading sessions.

BTC price dynamics (April - July 2025). Source: TradingView

As trading opened for the new week on Monday, August 4, bitcoin again failed to break above the $115,000 resistance level. Price action has remained compressed between $114,000 and $115,000 throughout the Asian and European sessions. On the 1-hour chart, this resistance zone is reinforced by the 100 EMA, while the 20 and 50 EMA are providing intraday support just above $114,000. This confluence has created a narrow consolidation range that reflects the current state of indecision in the market.

Bitcoin Fear and Greed Index at 52 confirms market indecision near short-term pivot

Investor sentiment also appears neutral. The Binance Fear and Greed Index currently reads 52, showing a balanced outlook among traders. The lack of bullish follow-through after Sunday’s bounce and the fading volume suggest traders are hesitant to re-enter aggressively. Many are likely waiting for a strong catalyst to spark directional movement in either direction.

From a technical standpoint, the short-term outlook leans bearish. A death cross has formed on the 4-hour chart, where the 50 EMA has crossed below the 100 EMA. RSI readings across the daily, 4-hour, and 1-hour charts continue to reside in bearish territory. These indicators suggest that unless a bullish catalyst emerges, the correction is likely to extend further.

A clean breakdown below the $114,000 support zone would confirm the continuation of the current downtrend. If that happens, the next downside target is the $112,000 level, which served as the final low during last week's selloff. Until then, traders are watching for either a volume-backed breakout or further compression, leading to a breakdown in the sessions ahead.

Bitcoin price bounced as traders awaited the FOMC minutes and the White House Bitcoin reserve report. Bitcoin formed a Doji near $117,000 after rejecting the bearish channel’s resistance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.