Bitcoin News Today: Bitcoin trades in $112,000–$118,000 range amid consolidation following 2024 volatility

Bitcoin has been trading in a defined range between $112,000 and $118,000 as of August 2025, according to recent analysis [1]. The cryptocurrency is currently hovering near the lower end of this range at approximately $114,809.80 USD [1], signaling a phase of consolidation following a volatile 2024, where it reached a peak of nearly $108,000 in December amid U.S. ETF approvals and a pro-crypto policy shift under the new Trump administration [1].

CryptoPulse, a prominent analyst on X, notes that Bitcoin continues to consolidate within this range without showing signs of a breakout [1]. The analyst highlights that a reclamation of mid-range levels could potentially lead to a move toward the $118,000–$120,000 target range, supported by Fibonacci retracement levels [1]. This technical outlook aligns with historical patterns, though it is important to note that the predictive accuracy of Fibonacci levels has not been conclusively proven in peer-reviewed studies [1].

On the flip side, if Bitcoin fails to maintain its current momentum above $118,500, as suggested by recent TradingView data, the downside risk becomes more pronounced, with potential support levels near $112,000 [1]. This scenario underscores the importance of monitoring price action for confirmation signals, a strategy that has gained traction among market observers in online forums [1].

Longer-term forecasts from Changelly present an optimistic view, projecting potential highs of $121,440.85 by 2025, contingent upon macroeconomic stability and broader adoption trends [1]. Additionally, the Golden Ratio Multiplier model suggests that the next significant resistance level could occur at a 2x multiple of the 350-day moving average, providing a broader framework for understanding market cycles [1].

Amid these technical and macroeconomic dynamics, investors are reminded to exercise caution. Bitcoin remains a highly volatile asset with no intrinsic value as a hedge, according to econophysics research [1]. As such, traders are advised to conduct their own due diligence and implement robust risk management strategies before making investment decisions [1].

[1] Source: [1] Bitcoin Price Analysis: Range-Bound Trading Signals Key Levels Ahead (https://coinmarketcap.com/community/articles/6891b8ca6bff8548314330cc/)