Bitcoin News Today: Bitcoin Retests Key Support Levels Amid Potential 50% Surge Replayed

Bitcoin is currently undergoing a critical retest of key support levels that, if held, could drive the cryptocurrency toward a potential 50% price surge. This scenario echoes a similar pattern observed in late 2024, when Bitcoin surged from approximately $70,000 to $108,000 following a successful retest of a crucial support line [1]. Analysts have noted that the current market structure bears strong resemblance to that period, with Bitcoin trading around $114,153 as of early August 2025 [2].

The technical analysis suggests that the recent price action is driven by structural support levels rather than short-term speculation, reinforcing the long-term bullish trend [3]. Specifically, Bitcoin has broken out from a confluence zone defined by macro support levels, resulting in a 50% gain during the expansion phase. The price movement has been deliberate and technically significant, indicating a high degree of market confidence [5].

Despite recent dips, including a brief pullback below $112,000, the broader uptrend remains intact. The immediate focus for traders and analysts is whether Bitcoin can continue to hold above key trendlines. A successful defense of these levels would signal potential for further upward movement and possibly extend the current bullish phase [4]. The pattern is being closely observed, particularly by traders identifying recurring swing lows that have historically not been revisited [6].

Looking at the broader picture, the market is watching for signs of consolidation or a breakout into a new cycle of higher highs. If Bitcoin continues to respect the macro trendline, it may enter a new phase of price expansion. However, the duration and strength of this phase remain subject to evolving market dynamics [6].

While some analysts have forecasted potential reserve increases for Bitcoin in the range of USD 50 billion to USD 70 billion, these remain speculative and contingent on broader macroeconomic factors, including institutional adoption and on-chain activity [7]. Market participants are advised to remain attentive to key technical levels as the price consolidates, with the ultimate direction of Bitcoin likely to become clearer after a period of reduced volatility [8].

[1] AInvest, [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-tests-key-support-level-echoing-2024-50-gains-pattern-2508/](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-tests-key-support-level-echoing-2024-50-gains-pattern-2508/)

[2] AInvest, [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-reclaims-50-gains-precise-confluence-zone-breakout-2508/](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-reclaims-50-gains-precise-confluence-zone-breakout-2508/)

[3] CoinMarketCap Community Article

[4] CoinMarketCap Community Article

[5] TradingView – BTCUSD Futures Contract Trade Ideas

[6] Gate.com – Ethereum's Parabolic Breakout Potential

[7] TradingView – Elliott Wave Analysis

[8] Coinglass – Real-Time Crypto News