Bitcoin (BTC) Price Prediction for August 6

After a series of failed retests near $116,000, Bitcoin price today is holding just above a short-term support zone around $114,000. While the broader trend remains within an ascending channel, the price has entered a phase of tightening volatility. Several indicators are flashing indecision. With momentum weakening but support intact, BTC may be gearing up for a directional move. Bitcoin Price Forecast Table: August 6, 2025 Indicator/Zone Level / Signal Bitcoin price today $114,448 Resistance 1 $116,155 (Supertrend resistance) Resistance 2 $118,083 Support 1 $113,751 (SAR) Support 2 $111,976 Daily Channel Support ~$111,000 RSI (30-min) 41.82 (Bearish bias) MACD (30-min) Bearish, declining histogram TSI (30-min) -13.25 (Flat, weak) VWAP (Session) Price below $114,665 DMI (4H) -DI leads, ADX rising Open Interest $79.25B (↓0.91%) Long/Short Ratio (Binance) 0.979 (Neutral to Bearish) What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) On the daily timeframe, Bitcoin continues to trade within the broad rising channel structure formed since April. After peaking near $123,000 in July, price has pulled back toward the midline of the channel and is now hoveri… The post Bitcoin (BTC) Price Prediction for August 6 appeared first on Coin Edition .

Source: Coin Edition