Bitcoin News Today: Bitcoin Surges 0.44% as $78.5M Net Outflow Signals Accumulation Amid Bullish Breakout

Bitcoin’s price on August 15, 2025, is currently trading at around $123,280, reflecting a 0.44% increase from the previous day [1]. The cryptocurrency has broken through the $122,000–$122,500 resistance level, supported by significant buying pressure and a notable $78.50M net outflow from exchanges on August 14 [1]. This outflow signals increased accumulation by large holders, reinforcing the bullish breakout from the $118,500–$120,000 range earlier in the week [1].

On the daily chart, Bitcoin is within a bullish structure, having broken a change of character (CHoCH) level and re-entered a strong uptrend. The Parabolic SAR dots are currently at $114,352, far below the current price, indicating a clear bullish bias. The key demand zone is between $112,000 and $116,000, where substantial accumulation occurred in previous phases [1].

The 4-hour chart shows Bitcoin trading within an upward channel, approaching the upper boundary near $124,200 [1]. The Money Flow Index (MFI) stands at 85.27, indicating an overbought condition, which suggests that while momentum remains strong, a short-term consolidation period may be on the horizon. The 20 EMA (Exponential Moving Average) at $120,467 provides immediate dynamic support, while Bollinger Bands are expanding, confirming increased volatility and a potential breakout phase [1].

The 4-hour Bollinger Bands illustrate Bitcoin riding the upper band after a bounce off the 20 EMA earlier in the week. This widening of the bands is often a precursor to a continuation of the current directional move [1]. The EMA confluence on this timeframe further supports the bullish case, with layered support levels at $118,673 (50 EMA) and $117,598 (100 EMA), and the 200 EMA at $116,131 acting as a key dynamic level for maintaining the mid-term trend [1].

The Supertrend indicator on the daily timeframe remains bullish, offering support at $115,330. The DMI (Directional Movement Index) on the daily chart shows a +DI at 30.97 above -DI at 21.75, with an ADX (Average Directional Index) of 11.50, indicating that trend strength could increase if the price sustains above current levels [1].

In the short-term outlook (24H), if Bitcoin holds above $123,000, the next key resistance level to watch is $124,223 (channel top and pivot confluence). A breakout above this level could accelerate gains toward $126,785 (R5 pivot), with $128,000 as a potential liquidity magnet [1]. On the downside, a failure to maintain above $122,000 could lead to a retest of the $120,450–$120,470 support cluster, followed by a potential drop to $118,500 [1].

Despite the strong technical and liquidity signals, the overbought MFI reading suggests that the market may require a short consolidation phase before continuing its upward trajectory. Overall, the alignment of indicators, strong outflows, and bullish price structure support a short-term upward bias for Bitcoin [1].

Source: [1] Bitcoin (BTC) Price Prediction for August 15 (https://coinedition.com/bitcoin-btc-price-prediction-for-august-15-2025/)