As of August 11, according to Gate market data, the Bitcoin price hovers around $121,300, with a weekly volatility narrowing to 5.3%. Over the past month, BTC has pulled back from a high of $123,000, stabilizing around $116,600 over the weekend, as the market enters a range-bound phase. On August 11, it again broke through $120,000. Faced with the critical resistance and support battle, investors are eager to know: will Bitcoin collapse to $100,000 or gain momentum to break through the historical high?
Technical critical point for bulls and bears: $115,000 is the line of life and death.
The current Bitcoin price is in a highly sensitive technical position, with both long and short positions engaging in a fierce battle within a narrow range:
- Support area: $115,000 - $115,135 range constitutes a key