Bitcoin Price Analysis and Prediction: Key Targets for This Week

Bitcoin's Midterm Rebound and Market Overview
On Monday, August 4, 2025, Bitcoin (BTC) made a notable comeback, regaining midterm bullish sentiment by rebounding nearly 1% from the 50-day Moving Simple Average (SMA). The BTC/USDT pair has stabilized around $114,981 during the mid-New York session, signaling renewed investor confidence across global crypto markets.

Technical Analysis & Key Support Targets
Technical analysts are closely monitoring key support levels as Bitcoin consolidates its gains. The recent uptick suggests that BTC could be setting the stage for further upward movement, especially if the prevailing global bullish momentum continues. These support points are critical target areas and provide insights into potential retracement levels amid ongoing volatility.

Global Crypto News & Market Sentiment
The wider crypto market has experienced a resurgence, bolstered by increasing interest in sectors such as best crypto wallet 2025, how to stake Ethereum, and NFT gaming platforms. This broader bullish sentiment has contributed to Bitcoin’s rally, as investors worldwide seek secure entry points backed by robust technology trends and innovative blockchain use cases.

Expert Insights and Price Prediction
Industry veterans believe that Bitcoin’s current trend is a manifestation of both technical recovery and global market factors. They advise keeping an eye on volume indicators and market psychology over the coming week. With significant support levels in place and strategic price targets identified, experts predict that Bitcoin could test new highs if the bullish momentum remains intact.

Looking Ahead
As traders and investors gear up for another volatile week, staying updated with the latest cryptocurrency news and technical analysis is paramount. This combination of global crypto insights and dynamic market movements makes this period one of opportunity for those ready to navigate Bitcoin's price fluctuations.