Bitcoin Price Prediction: Key Targets for This Week (Aug 5-11, 2025)

Bitcoin (BTC) enters the second week of August 2025 with a solid position, priced at $115,278. The cryptocurrency has shown some strength after a pullback from its all-time high of $123,231 reached in mid-July. 

As we look ahead to this week, traders and analysts are keeping a close eye on Bitcoin's price movements, with critical levels and technical patterns suggesting that a significant move could be on the horizon.

In this article, we'll break down the key targets for Bitcoin this week, analyze important resistance and support levels, and assess what factors could influence the price of BTC in the short term.

Read also : Bitcoin Price Breaks Out From $112K Dip — What’s Next for BTC

Current Market Position and Key Levels for Bitcoin

As of now, Bitcoin is consolidating within a defined price range, hovering between $114,400 and $115,000. 

After dipping to $112,000 over the weekend, Bitcoin found support, signaling a potential for upward momentum. However, Bitcoin’s path this week hinges on breaking through key resistance levels.

Immediate Resistance Levels:

• $116,200: The first major resistance that must be cleared for a bullish push.
• $118,000-$120,000: The key breakout zone that has limited recent rallies.
• $121,800: Secondary resistance level.

Support Levels:

• $112,500: The primary support level that held during recent weakness.
• $110,000-$112,000: Critical support zone, considered make-or-break territory.
• $107,500: Deeper support level if the current consolidation breaks down.

These price levels are crucial for determining the direction of Bitcoin’s price movement this week. 

If Bitcoin breaks above $116,200, we could see a significant push towards the $120,000 range, while failure to hold support levels could lead to further downside.

Read also : $114M in Dormant BTC Just Moved — Market Impact Explained

Technical Analysis and Chart Patterns: What to Expect for Bitcoin

Several technical factors are shaping Bitcoin's price action for this week. Among the most notable is the potential for a bull pennant formation, which is typically a continuation pattern. 

After Bitcoin’s 14% rally in July, the current consolidation may indicate a buildup for a breakout in the direction of the previous trend. A confirmed breakout from this pattern could target $136,000 to $140,000.

Elliott Wave Analysis

According to Elliott Wave practitioners, Bitcoin is currently in the third impulse wave of a larger bullish cycle. This means:

• The current correction could complete around $110,000 to $112,000.
• The final fifth wave could push Bitcoin towards $140,000 by the end of 2025.
• This suggests that Bitcoin is in the most explosive phase of its bull run.

Moving Averages

Bitcoin technical indicators present a mixed but cautiously bullish outlook:

• The 50-day moving average on 4-hour charts shows a slight bearish tendency.
• The 200-day moving average, however, has been rising since early August, indicating long-term strength.
• Both weekly and daily timeframes remain bullish, with moving averages providing potential support for Bitcoin.

These technical patterns and moving averages suggest that Bitcoin is in a critical phase that could see significant price action in either direction.

Read also : Bitcoin Liquidation Surges Amid Tariffs and Weak Job Data

Bitcoin Price Targets for This Week (Aug 5–11, 2025)

Based on current market conditions, Bitcoin’s price action could unfold in one of three scenarios this week:

Bullish Scenario (60% Probability)

If Bitcoin breaks above $116,200 with significant volume, the next targets for Bitcoin would likely include:

• $119,000-$121,000 (short-term targets for this week).
• $125,000-$130,000 (potential by the end of the month).
• $140,000-$149,000 (extended target if institutional momentum continues).

This scenario is more likely if Bitcoin maintains momentum and clears key resistance levels.

Consolidation Scenario (25% Probability)

Bitcoin may continue to range between:

• Upper bound: $118,000-$120,000.
• Lower bound: $112,000-$115,000.

This scenario would involve Bitcoin consolidating through mid-August before a breakout or breakdown occurs. It may remain in this range if there is indecision or lack of strong volume.

Bearish Scenario (15% Probability)

A break below $110,000 could trigger further downside:

• Initial target: $107,500.
• Deeper correction: $100,000-$104,000.
• Critical support: $99,355 (200-day moving average).

A significant breakdown below $110,000 could test deeper support levels, but this scenario has a lower probability given the current market structure.

Read also : Bitcoin Price After the White House Crypto Report, Will It Drop or Skyrocket?

Institutional and Fundamental Drivers Supporting Bitcoin

Several factors are providing strong support for Bitcoin’s price this week, including institutional demand and bullish ETF momentum.

ETF Momentum

• BlackRock’s IBIT ETF continues to attract massive inflows, with over $5.17 billion in monthly inflows.
• The SEC's expansion of options contracts from 25,000 to 250,000 has improved institutional access to Bitcoin.
• As a result, institutional holdings now represent about 17% of Bitcoin's fixed supply.

This institutional demand is a key factor in Bitcoin’s ability to absorb large movements from dormant wallets and maintain price stability.

Market Dynamics

• In 2025, over $24.7 billion worth of dormant Bitcoin has been reactivated, indicating a shift in whale behavior.
• The average transaction sizes have increased by 519% from 2024 levels, suggesting growing market activity.

Despite this, the futures market cooling down indicates that buying is becoming healthier and less leveraged, reducing risk in the market.

Read also : Twenty One Capital to Expand BTC to 43,500 Before IPO

Risk Factors to Watch

While the market has shown resilience, there are still a few risk factors to monitor this week:

• Seasonal weakness: August has historically shown negative returns in 8 out of 12 years since 2013.
• Macroeconomic concerns: Trade tensions and economic uncertainty could lead to risk-off sentiment.
• Technical resistance: Bitcoin has struggled to break the $120,000 level multiple times, which could result in strong selling pressure.

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Read also : Twenty One Capital to Expand BTC to 43,500 Before IPO

Conclusion: Bitcoin’s Critical Week Ahead

Bitcoin’s price action for the week of August 5-11, 2025, will be pivotal in determining its near-term trajectory. With support from institutional demand, a positive technical outlook, and several key resistance levels to watch, Bitcoin is at a critical juncture.

If Bitcoin can break through the $116,200 resistance with volume, a bullish rally toward $140,000 may be in the cards. However, if the market fails to gain traction, we could see a period of consolidation or a deeper correction.

For traders, this week offers a prime opportunity to carefully watch key levels and make informed decisions based on Bitcoin’s price action and volume.

FAQ

What are Bitcoin's key price levels to watch this week?

Bitcoin's immediate resistance is at $116,200. Support is found around $112,500, with critical levels at $110,000-$112,000.

What is a bull pennant pattern in Bitcoin?

A bull pennant is a continuation pattern suggesting that Bitcoin could breakout to the upside, potentially targeting $136,000-$140,000 if confirmed.

How can I trade Bitcoin this week?

Watch for a breakout above $116,200 or a bounce from support at $112,000. Consider using stop losses below $110,000 to manage risk.

What is Bitcoin’s price prediction for August 2025?

Bitcoin could target $119,000-$121,000 this week and reach $125,000-$130,000 by the end of the month, with a longer-term target of $140,000.

How does institutional interest affect Bitcoin's price?

Institutional interest, driven by ETFs and large investments, provides strong support for Bitcoin’s price and helps absorb market volatility.