BTC Price Update – 26 August

Bitcoin’s journey this year has been nothing short of remarkable. On the weekly timeframe, BTC reached its last ATH of $109,588 on January 20, 2025. From there, the market faced rejection, pulling the price down to $74,508 on April 7, 2025 a point where many lost hope, but history has always shown that true strength comes after deep corrections.

From that bottom, Bitcoin began a strong recovery. On July 7, 2025, it broke past the January ATH without hesitation and just a week later, on July 14, printed a new ATH at $123,218. This breakout, however, came without a proper retest. Soon after, on July 28, BTC corrected sharply to $111,920, creating a local bottom.

The bulls stepped in again, and on August 11, 2025, Bitcoin climbed to another ATH at $124,474. Yet despite the excitement, the market hasn’t seen a single weekly candle close above $123,218, which means true breakout confirmation is still pending.

Now comes the most important part: instead of showing weakness, BTC returned to the previous ATH of $109,588 not as a breakdown, but as a healthy retest on the weekly timeframe. This level is more than just a number; it is a psychological milestone. As long as Bitcoin holds above it, the bullish trend remains intact, and this zone stands out as one of the best buying opportunities we’ve seen this cycle.

Adding to the optimism, a fresh CME gap has also opened between $113,770 – $116,670, further supporting the bullish outlook.

📌 Entry Zone: $109,600 – $110,000
📌 Take Profit Target: $120,000

Looking forward, for Bitcoin to enter its next explosive wave, it must give us a weekly candle close above $124,474. If that happens, the doors to new highs will open, and my personal expectation for this wave remains $135,000 – $140,000.

This isn’t financial advice always do your own research.

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