Buying BTCUSD with $115,000 target as bearish momentum wanes

Since prices left the ascending channel and hit a local low of $108,676, bearish momentum for the BTCUSD pair has been tapering off. This suggests that the pressure is gradually exhausting, and the market is entering an upward corrective phase or a new consolidation period. The price is now showing signs of a reversal near Tuesday's opening level of $109,773.03.

The Stochastic Oscillator (5, 3, 3, Simple) displays a bullish divergence on the daily chart. During the last drop, the %K line remained above the %D one, providing early evidence that the trend might change. The indicator's primary lines are currently in the neutral zone, with values of 39 and 53, thus suggesting a possible upward crossover and the onset of a rebound.

The On-Balance Volume (OBV) also reckons that the market is poised for a jack up. After a long drop, the line seems to be stabilizing, with the most recent period exhibiting a modest recovery. This suggests a gradual yet consistent rise in buying activity and a shift in investor sentiment. However, the latest surge in interest isn't strong enough to make a big, sudden move.

A picture of potential recovery for BTCUSD is painted by the confluence of slowing price decline, stochastic divergence, and stabilizing OBV. With the price maintaining its position near the key July support and demonstrating the capacity to consolidate above Tuesday's opening, the chances to resume growth toward the 115,500 level will increase in the coming days.

Here's a trading strategy to consider:

Buy BTCUSD at the current price. Take profit: $115,500. Stop loss: $108,000.

This forecast is valid from August 26 to September 2, 2025.