Bitcoin News Today: Bitcoin Consolidates Amid Institutional Buying and Trump's Crypto-Friendly Policy Shifts

Bitcoin remains in a consolidation phase, having traded within a range of $114,900 to $116,830 since late July 2025, following a sharp rally that pushed prices beyond $123,000 in June [1]. Analysts describe this period as a “healthy pause” in what remains a broader bull trend [4]. The market has seen increased institutional participation, with over 21,000 BTC added to institutional holdings in July, indicating growing confidence in the asset [3]. As of August 9, 2025, Bitcoin traded at $117,304, with a market capitalization of $2.33 trillion and a 24-hour trading volume of $31.5 billion [1].

The price has formed a pattern of higher highs and higher lows on the 4-hour chart, particularly since August 5, when prices briefly touched $112,660. Support has held at around $116,000, while resistance has clustered between $118,000 and $118,500. Buyers have consistently entered on pullbacks, stabilizing the price floor and supporting the bullish bias [1]. A sustained close above $118,500 could open the door to higher levels, but failure to break this resistance could keep Bitcoin in range-bound trading.

On the 1-hour chart, price action has remained tightly confined, with recent attempts to breach $118,000 facing swift rejection. Micro support levels between $116,800 and $117,000 show low volume, suggesting market indecision. Scalping strategies have gained traction in this environment, with traders entering at support and exiting at resistance [1]. A confirmed breakout above $118,000 could provide the momentum needed for further gains, while a breakdown may retest lower support levels.

Technical indicators remain mixed. The RSI at 56, Stochastic at 66, and CCI at 23 all point to a neutral stance. The ADX at 16 indicates no strong trend momentum, while the MACD at 411 issues a bearish signal, reflecting short-term bearish momentum despite the longer-term bullish trend. The EMA and SMA across multiple timeframes, including EMA 10, SMA 10, EMA 20, and SMA 20, all remain positive, reinforcing the idea that the broader trend is intact [1].

Analysts at Mitrade suggest that a close above $116,000 could signal the start of a new upward trend [2]. If Bitcoin breaks through key resistance at $117,000, it could target $120,000 or beyond. Meanwhile, some forecasts, such as those from Fundstrat’s Tom Lee, predict a bullish scenario where Bitcoin could reach $250,000 by the end of 2025, driven by continued institutional adoption [6].

The macroeconomic backdrop has also supported the bullish sentiment. A new executive order from U.S. President Donald Trump, allowing cryptocurrencies in 401(k) retirement plans, has spurred optimism about long-term capital inflows into the market [5]. This policy change is seen as a structural shift that could attract a new class of investors and increase demand for digital assets. Additionally, favorable monetary policy expectations, with futures markets pricing in a 95% probability of a Federal Reserve rate cut in September 2025, have led investors to favor risk assets, including cryptocurrencies [5].

Institutional buying has remained strong, with hedge funds and asset managers increasing their crypto allocations. Institutional holdings now account for approximately 6% of the circulating Bitcoin supply, signaling growing mainstream acceptance [5]. Analysts believe these structural developments could support sustained demand even during consolidation phases, reducing the risk of a sharp correction.

However, not all analysts are equally bullish. Some, including those at CryptoQuant, suggest that the current phase is a cooling period within a larger uptrend and caution traders to monitor key price levels before committing to long positions [4]. While the technical setup remains favorable, the market remains in a state of flux, with a definitive breakout yet to materialize.

The coming weeks will be critical for Bitcoin, as the Federal Reserve’s monetary policy decisions, institutional buying trends, and regulatory developments will all influence the next phase of price action. For now, the consolidation pattern suggests that a significant upward move is likely, though patience and discipline remain essential for traders and investors navigating this pivotal period.

Source:

[1] Bitcoin Price Watch: Consolidation Signals a Big Move Ahead – [https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=bitcoin-price-watch-consolidation-signals-a-big-move-ahead](https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=bitcoin-price-watch-consolidation-signals-a-big-move-ahead)

[2] Bitcoin holds above $114500; Experts see breakout potential amid rising inflows – [https://m.economictimes.com/markets/cryptocurrency/bitcoin-holds-above-114500-experts-see-breakout-potential-amid-rising-inflows/articleshow/123159799.cms](https://m.economictimes.com/markets/cryptocurrency/bitcoin-holds-above-114500-experts-see-breakout-potential-amid-rising-inflows/articleshow/123159799.cms)

[3] BTC consolidates as Trump tariffs go into effect – [https://www.mitrade.com/insights/crypto-analysis/bitcoin/fxstreet-BTCUSD-202508071805](https://www.mitrade.com/insights/crypto-analysis/bitcoin/fxstreet-BTCUSD-202508071805)

[4] Bitcoin Rally Stalls as CryptoQuant Signals Cooling Momentum – [https://www.coinfi.com/news/1698995/bitcoin-rally-stalls-as-cryptoquant-signals-cooling-momentum](https://www.coinfi.com/news/1698995/bitcoin-rally-stalls-as-cryptoquant-signals-cooling-momentum)

[5] Why Crypto Is Going Up? Bitcoin, Ethereum, XRP and Dogecoin Analysis – [https://stocktwits.com/news-articles/markets/equity/crypto-gains-on-expectation-trump-executive-order-will-greenlight-401k-access/chrm256Rddp](https://stocktwits.com/news-articles/markets/equity/crypto-gains-on-expectation-trump-executive-order-will-greenlight-401k-access/chrm256Rddp)

[6] Bitcoin (BTC) Price Predictions – [https://stansberryresearch.com/dailywealth/two-assets-to-watch-as-rates-hold-steady](https://stansberryresearch.com/dailywealth/two-assets-to-watch-as-rates-hold-steady)