After retreating from July highs near $123,800, the Bitcoin price today is stabilizing above $113,000, hovering just above critical trendline and Supertrend support. While lower time frames show signs of pressure, bulls are holding the key mid-channel zone and the Supertrend flip near $111,950, suggesting a potential rebound setup if volume supports recovery. Bitcoin Price Forecast Table: August 7, 2025 Indicator/Zone Level / Signal Bitcoin price today $113,953 Resistance 1 $115,200 (EMA cluster zone) Resistance 2 $116,457 (Fib R3 / prior rejection) Support 1 $112,800 (liquidity + Fib pivot) Support 2 $111,950 (Supertrend support) Fibonacci Confluence Zone $112,165 to $113,000 Bollinger Bands (4H) Widening, neutral tone EMA 20/50/100/200 (4H) Stacked in resistance band Bull Market Support Band (1D) $101,434 – $104,423 Smart Money CHoCH (1D) Weak break near $114,200 Spot Netflow (Aug 6) -$68.04M (mild outflow) BTC Dominance 60.64% (stable but cooling) What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) On the daily chart, Bitcoin price action has pulled back into a rising channel that originated in late April. The recent high near $123,800 marked a l… The post Bitcoin (BTC) Price Prediction for August 7 appeared first on Coin Edition .
