Bitcoin price prediction: BTC rebounds to $119k amid rising long/short ratio

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Bitcoin RSI stays above 50 after midweek drop

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Sholanke Dele

15.08.2025

Bitcoin price prediction: BTC rebounds to $119k amid rising long/short ratio — Bitcoin reclaims bullish territory

Bitcoin’s recent price action has been defined by a strong early-week rally followed by a sharp correction that reset market sentiment. The cryptocurrency surged to an all-time high near $124,000 after two consecutive bullish daily closes. This advance, however, came alongside a declining aggregated long-to-short accounts ratio on Binance. While the ratio stayed above 1, indicating more long positions than shorts, the drop suggested increased profit-taking as price moved higher.

• Bitcoin is up 0.75% today, near $119,35,0 after bouncing from a 4-day low

• Long/short ratio jumps to 1.7 as dip buyers return after a sharp midweek drop

• RSI above 50 keeps broader uptrend intact despite structure break on 4-hour chart

The profit-taking pressure became evident on Thursday when Bitcoin dropped over 5% to a four-day low at $117,200, erasing all of the week’s earlier gains. Price found support at the 20-day EMA, which aligned with increased dip-buying activity. This buying interest coincided with a sharp rise in the Binance aggregated long-to-short accounts ratio to 1.7, the highest since last week when Bitcoin traded below $116,000.

Bitcoin price dynamic (July - August 2025). Source: Tradingview

By Friday’s European session, the rebound from the $117,200 low lifted Bitcoin to around $119,350, marking a 1.8% gain from Thursday’s low and a 0.75% advance on the day. Despite the midweek drop, the week-to-date performance has been flat, with price hovering near the weekly opening level of $119,000. The daily RSI eased after the correction but stayed in bullish territory above the 50 mark, suggesting the broader uptrend has not been invalidated.

Bitcoin structure break could be start of downtrend or smart money re-entry

From a technical perspective, the four-hour chart revealed a break of a market structure low near $118,000. This could either indicate the beginning of a shift toward lower price levels or represent a stop-hunt scenario where long positions were squeezed before smart money re-entered at more favourable prices. If the latter scenario plays out, Bitcoin could extend its gains into the weekend, supported by renewed buying interest.

The pivot level to watch is the weekly opening price at $119,000. A sustained move above this level would improve the short-term outlook, particularly if the four-hour 20 EMA at $119,700 is reclaimed. Such a development would strengthen the case for further upside in the sessions ahead.

On the other hand, if Bitcoin falls below the four-hour 50 EMA at $118,700, it would confirm a shift in structure to the downside. This would increase the probability of further declines before the weekend as sellers gain control of the short-term market direction.

Bitcoin touched a new high of $123,770 before slipping to $121,100, marking a 1.2% daily loss. Fear and Greed at 68 and RSI at 64 point to a bullish bias with room for further gains.

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