BTC Price Prediction: Bitcoin Eyes $105,000 Retest Before Potential Rally to $120,000
The post BTC Price Prediction: Bitcoin Eyes $105,000 Retest Before Potential Rally to $120,000 appeared on BitcoinEthereumNews.com.
James Ding Aug 31, 2025 00:06 BTC price prediction points to short-term weakness toward $105,000 support, but technical setup suggests recovery potential to $120,000 by October 2025. Bitcoin’s current technical structure presents a compelling case for near-term weakness followed by a potential reversal. With BTC trading at $108,806 and showing bearish momentum signals, our Bitcoin forecast anticipates a test of critical support levels before the next major move unfolds. BTC Price Prediction Summary • BTC short-term target (1 week): $105,000-$107,350 (-3.5% to -1.3%) • Bitcoin medium-term forecast (1 month): $105,000-$120,000 range• Key level to break for bullish continuation: $114,365 (SMA 20) • Critical support if bearish: $105,000 psychological level Recent Bitcoin Price Predictions from Analysts The analyst community shows divergent views on Bitcoin’s immediate trajectory. U.Today’s recent BTC price prediction aligns with our technical assessment, targeting $105,000 if Bitcoin breaks below the crucial $109,823 support level. This bearish scenario finds technical confirmation in the current momentum indicators. Contrasting sharply, Eric Trump’s bullish long-term Bitcoin forecast of $1,000,000 represents the maximalist perspective, though this target lacks immediate technical relevance. Finbold’s AI prediction model suggests $108,417 as a near-term target, representing modest downside from current levels. The consensus emerges around short-term weakness, with most predictions pointing to the $105,000-$108,417 range as the next significant area of interest. BTC Technical Analysis: Setting Up for Corrective Move Bitcoin’s technical indicators paint a picture of mounting selling pressure beneath the surface strength. The RSI reading of 38.72 sits in neutral territory but trends lower, suggesting momentum continues to deteriorate without reaching oversold extremes. The MACD histogram at -704.4578 confirms bearish momentum acceleration, while the negative MACD reading of -1879.46 indicates the short-term trend has shifted decisively bearish. This momentum divergence occurred while Bitcoin remained relatively elevated, creating…
