As of August 5, 2025, the BTCUSD currency pair opened at $114,807.95, showing a slight decline in the first hours of trading.
The Stochastic Oscillator (with parameters of 5, 3, 3) indicates that %K and %D are located at the levels of 35 and 29, respectively. Both lines are currently below the neutral zone around 50, but above oversold territory, which is generally interpreted as a neutral signal. The recent crossing of the red %K line above the blue %D line from below is a key observation. This classic bullish momentum could signal a trend reversal and the resumption of an uptrend in the near term.
Meanwhile, the On-Balance Volume (OBV) indicator paints a less optimistic picture. The line shows a clear downward dynamic, even though the decline has slowed over the past few days. This suggests that selling volumes have outpaced buying volumes since mid-July. According to the chart, a declining OBV, while BTCUSD consolidates or attempts to rise, indicates sluggish buyer interest and weak momentum for sustained growth.
However, despite the recent pullback, the overall uptrend remains in place. Starting from a local low of about $74,562.61 (April 2025), each subsequent price decline has bottomed out at a higher level: $98,196 in July and $111,916 in August. These dynamics confirm a steady bullish trend, as each sell-off loses momentum, while rebounds grow stronger.
Given the background—a bullish Stochastic Oscillator signal, formed after exiting the bearish-neutral zone, and the current compressed price dynamics—a short-term growth seems more likely in the near term, despite the negative OBV signal.
A buy position could be set near $114,800. A Stop Loss order should be placed at $111,000, up from the support level of $110,000 to buffer against a false Stochastic signal. Take Profit could be set at $120,000.
The forecast remains relevant between August 5 and August 12, 2025.
This content is for informational purposes only and is not intended to be investing advice.
