Bitcoin Price Forecast: Is BTC Set to Climb to $123K or Decline to $112K?

Bitcoin is currently priced at $117,000, experiencing a decline of less than 1% over the past 24 hours, with a market capitalization of $2.32 trillion and a daily trading volume of $73 billion. The price is stabilizing above $116,000, where support has been maintained in recent days. The chart indicates a narrowing wedge pattern, which often signals significant movements in either direction.

The 50-period SMA at $117,462 serves as the immediate resistance for short-term rallies. Recent candlestick patterns reveal indecision, with small-bodied candles reflecting uncertainty between buyers and sellers. The RSI at 51 has rebounded from oversold conditions, and the MACD is leveling off after a bearish phase, both indicating a potential shift in momentum.

Bitcoin Price Chart – Source: Tradingview

Bitcoin Institutional Moves Impact Sentiment

Institutional adoption is on the rise. The Dutch company Amdax has introduced AMBTS B.V., a Bitcoin treasury that will be listed on Euronext Amsterdam, aiming to acquire 1% of Bitcoin’s total supply, valued at over $24 billion at current prices. This development further illustrates European interest in BTC as a balance sheet asset, with at least 15 European firms already holding Bitcoin.

JUST IN: Amdax plans to launch a #Bitcoin treasury company called AMBTS on the Dutch stock exchange.
Aims to own at least 1% of bitcoin supply pic.twitter.com/b1DETGvp0a

— Bitcoin Magazine (@BitcoinMagazine) August 18, 2025

In addition, Michael Saylor’s Strategy has acquired 155 BTC valued at $18 million, increasing its total to 628,946 BTC worth $74 billion. With unrealized gains nearing $28 billion, Strategy remains the largest corporate holder of Bitcoin, despite short-term fluctuations.

Michael Saylor signals Strategy will buy the Bitcoin dip
Saylor indicated an upcoming Bitcoin purchase by Strategy, as BTC’s price hovers around the $117,000 mark, down from its all-time peak.
https://t.co/JuAnzlKNmr pic.twitter.com/EisnCsmok7

— CryptoJag (@YieldXYoda) August 17, 2025

Key points to consider:

• Institutions and businesses now hold over 10% of Bitcoin’s supply.
• Strategy has doubled its BTC holdings since the 2024 US election.
• European companies are advancing Bitcoin into mainstream finance.

Market Ahead of Fed

The wider cryptocurrency market is exhibiting caution ahead of Jerome Powell’s speech at Jackson Hole, with traders liquidating $567 million in positions this week. Funding rates are negative, suggesting potential short-term declines. Powell is anticipated to address inflation and the weakening labor market, but may not confirm a rate cut in September.

CRYPTO DAYBOOK AMERICAS: There’s a note of caution seeping into digital-asset markets ahead of Fed Chairman Jerome Powell’s Jackson Hole speech later this week. The CoinDesk 20 Index has dropped more than 4.5% in the past 24 hours.https://t.co/BgpXf98uuV

— CoinDesk (@CoinDesk) August 18, 2025

From a technical perspective, Bitcoin is at critical levels. A drop below $116,078 could lead to $114,650 and $112,680, while a rise above $118,047 could push it to $120,374 and potentially $123,777. Traders are looking for confirmation signals, such as engulfing candles or significant volume spikes, to validate the next move.

Despite short-term volatility, the long-term trend remains positive. Institutional accumulation, increasing adoption, and a supply squeeze are likely to create the conditions for the next Bitcoin rally. If momentum shifts, BTC could rise to $130,000 and beyond, entering the presales phase.

New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed

Bitcoin Hyper ($HYPER) is the first Bitcoin-native Layer 2 solution powered by the Solana Virtual Machine (SVM), designed to enhance the Bitcoin ecosystem with rapid, low-cost smart contracts, decentralized applications, and meme coin creation.

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The project has been audited by Consult and is built for scalability, simplicity, and trust.

Investor interest is increasing, with the presale already exceeding $10.3 million and only a limited allocation remaining.

HYPER tokens are currently priced at just $0.012745, but that price is expected to rise soon.

Tokens can be purchased on the official Bitcoin Hyper website using cryptocurrency or a bank card.

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