Bitcoin (BTC) Price Analysis (Aug 11, 2025): Bulls Eye Previous ATH as Momentum Builds

Bitcoin is holding just above $120,000 and is showing signs of renewed strength on the lower timeframes. In the previous analysis, it was noted that a retest of $115,500 could provide the support needed for another push higher. The move played out as expected, with the price rebounding from this level and breaking back above $120,000. For the bullish momentum to continue, Bitcoin now needs to stay above this mark and confirm it with a daily close. With that in mind, let’s look at the latest charts to see where the price could be headed in the short term.

Analyzing the Charts

On the 4-hour chart, Bitcoin has finally broken above the consolidation zone it had been stuck in for weeks. It briefly dipped below the range during a recent correction, but that move acted as a liquidity grab and gave the price fresh momentum. Bitcoin is now trading above the $120,000 resistance on the lower timeframes.

The next key resistance to watch is the $123,000 region, which marks Bitcoin’s previous all-time high zone. A break above this level could trigger stronger buying interest. If that happens, the next upside target in this Bitcoin price prediction would likely be around $135,000.

On the other hand, if the price falls back below $120,000, momentum could fade again. In that case, Bitcoin would need to hold the $115,500 level as support. A break below this point could open the door for a deeper correction and signal the start of a short-term downtrend.

Even though the price is showing signs of a breakout, it is still too early to get carried away. Bitcoin needs to hold above $120,000 with strong momentum and clear this $123,000 barrier before a major breakout can be confirmed.

Final Takeaway: What is Next for Bitcoin (BTC)?

Bitcoin is trading just above $120,000 after reclaiming key support and showing renewed strength. The main hurdle now is the $123,000 level, which has acted as a major resistance in the past. If buyers can push through it, the path toward $135,000 becomes more likely. Until then, holding above $120,000 will be crucial for keeping the bullish momentum intact.