Bitcoin Price Today holds steady near $111,000–$113,000 with resistance at $113,600 and support at $109,000.
Institutional forecasts see Bitcoin rising to $126,000 by year-end, with bullish targets reaching $140,000–$150,000.
Exchange supply of Bitcoin has dropped below 15%, signaling strong accumulation in the broader crypto market.
Bitcoin price today is currently trading around $111,164, showing a very small daily decline of about 0.016%. During intraday trade, the price has moved between $110,977 and $113,419. This means the cryptocurrency is holding steady in a tight range, with movements in both directions but no clear breakout. The total market capitalization of Bitcoin stands close to $2.21 trillion, keeping it firmly positioned as the largest digital asset.
In the last two weeks, Bitcoin price briefly crossed $124,000 in mid-August but then fell back to a low near $108,700. This has created concerns that the rally could have been a bull trap. At present, resistance has appeared close to $113,600, which is also the level where many short-term holders bought their coins. As a result, selling pressure is expected around this price, as traders who were waiting to break even may exit their positions.
A major development was the transfer of 250 BTC to Binance by an early whale investor. This caused about $40 million worth of short positions to be liquidated in the derivatives market. Even though the price rebounded toward $113,000, analysts warn that Bitcoin needs to clear the $117,500 level to avoid forming a bearish double-top pattern.
Support for Bitcoin remains close to $109,000. If this level is broken, it could spark a larger correction, dragging altcoins down along with it. For now, the market is watching whether Bitcoin can stay above the $111,000 zone and retest $113,000.
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Market sentiment and Bitcoin price prediction among institutions is cautiously optimistic. Analysts from JPMorgan believe the current price is “too low” when compared to historical volatility trends. They estimate a fair value near $126,000 by the end of the year. Other forecasts are even more ambitious, with short-term projections eyeing $118,000, and some bullish predictions pointing toward $140,000 in early September.
There are also speculative opinions suggesting Bitcoin could rise to $150,000 by the end of August, though these come with heavy caution since the market has recently struggled to hold above $113,000.
What gives bulls some confidence is the continued accumulation of Bitcoin by both retail traders and institutional investors. Data shows that exchange reserves have dropped to less than 15% of total circulating supply, as more coins are being moved into cold storage or company treasuries. This trend reduces the amount of Bitcoin available for trading and could fuel a supply crunch, making it easier for prices to move higher.
The performance of Bitcoin is also linked to global Bitcoin price news and financial markets. Recently, strong earnings reports from major US companies, including Nvidia, have pushed the S&P 500 higher. This has created a more positive environment for risk assets, including cryptocurrencies. However, some analysts warn that if Ethereum continues to underperform Bitcoin, it could signal a broader pullback in US equities as well, as past cycles have shown a connection between ETH/BTC trends and stock market momentum.
Bitcoin’s share of the crypto market, also called its dominance, has slipped from around 65% in June to about 58% today. This shows that altcoins have gained some traction, but Bitcoin still holds the central role. Whether Bitcoin regains dominance or continues to share the spotlight with other cryptocurrencies will depend heavily on how it performs around the $117,000 resistance level in the coming days.
The short-term story of Bitcoin revolves around a handful of important levels. The $109,000 mark is seen as the key support level. A breakdown below this could start a larger decline. On the upside, the $113,000 to $113,600 zone has become a ceiling that Bitcoin is struggling to break. Above this, the next important threshold is $117,500. Clearing that zone would help cancel out fears of a double-top formation and open the door toward $124,000, which was the recent high in mid-August.
If Bitcoin manages to move above $118,000, technical analysts believe it could pave the way for a rally toward $126,000, in line with JPMorgan’s year-end forecast. More optimistic targets of $140,000 or even $150,000 have been suggested, but these would require strong momentum, fresh institutional inflows, and steady macroeconomic conditions.
At present, Bitcoin is locked in a battle between cautious short-term holders and confident long-term investors. On-chain data suggests that many recent buyers are waiting for an exit near their cost basis, creating resistance just above $113,000. On the other hand, decreasing exchange supply and accumulation trends signal long-term conviction that could underpin prices.
If global equity markets continue their rally, Bitcoin is likely to benefit as part of the broader “risk-on” trade. However, sharp corrections in stocks or further weakness in Ethereum could dampen sentiment. The balance between these forces will determine whether Bitcoin breaks out above $117,500 in September or slides back to test the $109,000 support.
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Bitcoin is currently in a delicate phase. Prices are trading around $111,000 to $113,000, with resistance levels capping further gains. Institutional outlook remains supportive, pointing toward $126,000 by year-end, while some traders expect rallies as high as $140,000 in the short term. At the same time, bearish risks remain if support at $109,000 is broken.
The next few weeks will likely be decisive. Either Bitcoin will build momentum to break above its resistance levels and confirm the next leg higher, or it could fall into a deeper correction. For now, the cryptocurrency market is watching closely, as Bitcoin’s moves often set the tone for the entire digital asset space.
Crypto Prices Today: Bitcoin Price at $111,452, Ethereum Slips 2.22% to $4,472, XRP Down 2.43%
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