Bitcoin News Today: Bitcoin Daily Trend Slips But Hourly Chart Signals Recovery

Bitcoin's price movements on August 3, 2025, reflect a mixed technical picture, with bearish signals on the daily chart contrasting with more constructive developments on shorter timeframes. As of the latest readings, Bitcoin is trading between $113,924 and $114,016, with a market capitalization of $2.26 trillion and a 24-hour trading volume of $32.42 billion [1]. The cryptocurrency has seen an intraday range of $112,113 to $113,981, highlighting ongoing volatility and cautious trader sentiment [1].

From the daily chart, Bitcoin is experiencing a technical pullback following a recent peak near $123,236. The current decline is marked by increased selling pressure and bearish candle formations, indicating that long positions are being unwound [1]. A key support level appears to be forming around $105,130, and the price remains at risk of further correction. Technical indicators reinforce this bearish bias: the RSI is at 46, signaling a neutral zone, while the MACD shows a bearish crossover at 433, suggesting waning momentum [1].

In contrast, the four-hour chart suggests a tentative stabilization following a drop to $111,919, prompting a modest rebound. The presence of green candles with lower wicks near $112,000 indicates potential buying interest, and the subsiding volume may be a sign of a short-term consolidation phase [1]. If a higher low forms, traders may look to enter positions between $113,000 and $113,500, targeting the $116,000–$117,000 resistance range [1]. The Stochastic at 14 and ADX at 21 remain neutral, signaling limited trend strength, though the short-term outlook tilts mildly bullish if volume and momentum improve.

The one-hour chart offers the most constructive signal, with Bitcoin recovering from its low of $111,919 to a high of $114,227. A series of higher lows and strong green candles suggest a micro-uptrend is forming [1]. Despite subdued volume, price action appears resilient, supported by a momentum reading of -4,170 (buy) and a CCI of -201 (buy), signaling a potential short-term entry opportunity [1].

From a broader technical perspective, moving averages offer a conflicting view. Short-term EMAs and SMAs across 10, 20, and 30 periods are flashing sell signals, while longer-term EMAs and SMAs for 50, 100, and 200 periods continue to show buy signals [1]. This divergence indicates a corrective phase within a larger bullish trend, advising swing traders to exercise caution and favor tactical intraday plays.

While short-term technical indicators may appeal to nimble traders, the daily trend remains bearish. A conservative approach is recommended until stronger bullish confirmations appear on the four-hour or daily charts. Traders are advised to monitor key factors such as volume behavior, MACD crossovers, and candlestick patterns to assess the likelihood of a sustained upward move [1].

Bullish traders note that if Bitcoin holds above $113,000 and breaks through the $114,500–$115,000 resistance zone with rising volume, it could potentially extend its gains toward $117,000 or beyond. The higher lows on the one-hour chart and buy signals from long-term moving averages support this possibility if intraday strength continues to solidify [1].

Conversely, the bearish case remains strong, with consistent sell signals from short- and mid-term moving averages and weakening momentum indicators such as the MACD and Awesome oscillator. Without a convincing reversal pattern forming near $111,000–$112,000, the likelihood of a continued decline toward the $105,000 support level remains high [1].

Overall, Bitcoin is in a phase of technical consolidation, with the shorter timeframes providing more immediate action while the daily chart remains bearish. Traders are advised to remain flexible and closely track both volume and price action to navigate the evolving market environment.

Source: [1] Bitcoin Price Watch: Daily Trend Slips, But Hourly Signals Recovery (https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=bitcoin-price-watch-daily-trend-slips-but-hourly-signals-recovery)