Bitcoin Price Watch: Will BTC Break Resistance or Face Bearish Pushback?

The latest Bitcoin price watch finds BTC caught in a tense standoff between bulls and bears. After rebounding from recent lows near $108,000, Bitcoin now faces a critical resistance ceiling that could define its next big move.

Traders are asking the same question: Can BTC break through and rally, or will bears regain control?

Bitcoin Testing Major Resistance

Bitcoin has been climbing steadily after last week’s sell-off, fueled by softer U.S. jobs data and fresh rate cut bets. Currently hovering near $111,500–$112,000, BTC sits right below its multi-week resistance zone at $113,000–$114,000.

This level has capped upside attempts throughout August, making it a key battleground. A clean breakout could set the stage for renewed bullish momentum.

What the Charts Are Saying

Technical signals paint a mixed picture:

• Support levels: $110,000 remains the immediate floor, with deeper cushions near $108,500 and $106,000.
• Resistance levels: The $113,000–$114,000 band is critical. Beyond it, bulls could aim for $118,000 and eventually $120,000.
• Indicators: The RSI is hovering in neutral territory, suggesting neither overbought nor oversold conditions. Meanwhile, MACD momentum has started to lean bullish.

However, analysts caution that failure to clear resistance soon could hand control back to the bears.

Macro Factors Driving Sentiment

Bitcoin’s movement isn’t just technical — macro drivers are in play too:

• Rate cut bets: Weak U.S. jobs data has investors pricing in Fed easing, which typically supports risk assets like BTC.
• Tariff pressures: Recent U.S. trade policy shifts have weighed on sentiment, adding volatility to crypto markets.
• ETF flows: Spot Bitcoin ETFs just snapped a six-day outflow streak with $219 million in inflows, hinting at returning institutional interest.

Together, these factors create a tug-of-war between optimism and caution.

Bullish Case: Breakout to $120K?

If Bitcoin cracks $114,000 with strong volume, momentum traders may step in, driving price toward $118,000 and $120,000. Analysts point to declining ETF outflows and rising institutional inflows as signs that long-term demand remains intact.

In this scenario, Bitcoin’s resilience could reframe the recent dip as just another healthy correction within a broader uptrend.

Bearish Case: Back to $108K or Lower

On the flip side, repeated rejections at resistance could embolden sellers. If BTC fails to hold above $110,000, the next stop may be $108,000–$106,000. A sharper breakdown could test $100,000 support, though such a move would likely require worsening macro conditions or renewed ETF outflows.

Final Thoughts

This week’s Bitcoin price watch highlights a pivotal moment for BTC. A decisive breakout above $114,000 could ignite a run toward $120,000, but failure may drag the price back to the $108K zone.

For traders, the next few sessions could prove crucial — and Bitcoin’s tug-of-war between bulls and bears is far from over.