Bitcoin is trading at approximately $114,200, retracing slightly after a strong rally in July. Recent consolidation reflects a mix of profit-taking, ETF outflows, and macroeconomic uncertainties impacting sentiment.
In this article, we will look at bitcoin next target and latest bitcoin news.
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Bitcoin Next Target
- Current Price: ~$114,200
- 24h Change: +0.7%
- 24h Range: ~$112,800 โ $115,700
- Market Cap: ~$2.25 trillion
- 24h Volume: ~$36โ40 billion
- Circulating Supply: ~19.9 million BTC

Breakdown the channel.
An upward move in alts is expected as long it is trading below the channel.
Technical & Momentum Indicators
- RSI & MACD: Momentum has cooledโRSI is neutral, MACD flatteningโsuggesting potential short-term consolidation
- Support Range: $112,000 โ $114,000
- Resistance Range: $115,000 โ $120,000
- Trend: Fade from Julyโs high (~$123K) is part of consolidation; broader bull structure intact. Analysts expect a breakout above $120K to signal continuation
Key Market Developments
- ETF Flow Reversal: Recent data shows significant $812 million outflow from U.S. spot Bitcoin ETFsโlargest single-day drop in monthsโindicating profit liquidation after sustained inflows
- Strong July Inflows: July saw a record $12.8 billion into U.S. crypto ETFs, with Bitcoin ETF flows alone totaling around $1.2 billion
- Macro Signals & Policy Outlook: Renewed interest rate cut bets (likely starting in September) are boosting risk appetite
- Institutional Positioning: Following the U.S. governmentโs strategic Bitcoin reserve and institutional accumulation by firms like Strategy (~21,000 BTC) and Syz Capital
Forecast & Outlook
- Bull Case: Sustained support above $114K and a breakout above $120K could reignite momentum toward $130Kโ$140K, and possibly retest $150K
- Bear Case: Failure to hold $112K opens the door to a pullback toward $108Kโ$110K, though longer-term bullish thesis remains intact
Outlook: Neutral-to-Bullish in the short termโmarket consolidating after big gains
Risk Level: ElevatedโETF dynamics and macro volatility remain key drivers
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