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Bitcoin Market Pundits Identify BTC price levels to watch next

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Bitcoin and Solana Will Hit Parabolic Levels if Their Cup-and-Handle
Bitcoin and Solana Will Hit Parabolic Levels if Their Cup-and-Handle

The following are key points.

  • Bitcoin bulls maintain momentum as Wall Street opens, $117,000 or higher is the target.

  • The order-book shows that shorts are being liquidated and new liquidity is added.

  • The Bitcoin price is grouped according to Bollinger Bands, causing a false breakdown in this month.

BitcoinBTC() made a classic rebound Thursday, as the BTC price was pinned down by important resistance levels.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Shorts on Bitcoin should be profitable as the price hits a new high in August

Useful Data Cointelegraph Markets Pro You can also find out more about the following: TradingView BTC/USD was nearing $117,000 but then cooled off.

Market participants were eager to watch how BTC prices would move.

Rekt capital, a popular analyst and trader, was able to make a profit of $17,200.

CrypNuevo’s CrypNuevo colleague noted that exchange order books were flooded with upside liquidity after the visit exceeded $116,800.

“This is the way the market moves – always around and towards the liquidity. Market structure for context and MM footprints for signs,” The he told Following X, $119,000 is possible. “next.”

BTC liquidation heatmap. Source: CoinGlass

Monitoring Resource Data CoinGlass Showed resistance is thickening now between $117.500 to $118,000.

The bids extended to below $114,000 in the CME Group Bitcoin futures, which has now been filled.

“Bitcoin has successfully found a support within the Daily CME Gap,” Rekt Capital observed.

CME Bitcoin one-day chart. Source: Rekt Capital/X

Bollinger Bands track fake BTC price breakdown

The price is still within the prescribed ranges highlighted on this page. Bollinger Bands The volatility indicator is a tool that helps you to determine the level of risk.

Related: Bitcoin price echoing 2024 pattern that saw 50% BTC gains: Trader

BTC/USD hourly chart using Bollinger Bands. Source: Cointelegraph/TradingView

Price rejected the upper band on the hourly chart, while John Bollinger’s daily chart produced what he described as “a “head fake.”

Price dropped to the bottom of lower band and then reversed, resembling previous swing-lows seen in 2025.

“Bitcoin $BTCUSD and a number of the other cryptos are setting up a head fake after a Bollinger Band Squeeze. Interestingly, the pattern is not evident in the ETFs as they don’t trade on weekends and holidays,” Bollinger noted On X. 

“Analyst beware!”

BTC/USD chart for one day with Bollinger bands data. Source: Cointelegraph/TradingView

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making their final choice.