Bitcoin Price Watch: Consolidation Signals a Big Move Ahead

Key Points

1. Bitcoin's price on Aug. 9, 2025, is $117,304, with a market cap of $2.33 trillion and a 24-hour trading volume of $31.5 billion.

2. The price has traded within a narrow range of $115,979 to $117,786, indicating consolidation.

3. Key support is at $112,000, while resistance is clustered between $118,000 and $118,500.

4. Short-term momentum is bullish, but a break above $118,500 could accelerate gains toward $120,000.

5. Technical indicators like RSI (56), stochastic (66), and CCI (23) show neutral readings, while moving averages signal a bullish bias.