BTC Price Prediction: Bitcoin Targets $115,000 by Mid-September as Technical Setup Improves

BTC Price Prediction: Bitcoin Targets $115,000 by Mid-September as Technical Setup Improves - Blockchain.News

BTC Price Prediction Summary

• BTC short-term target (1 week): $115,000 (+3.0%) • Bitcoin medium-term forecast (1 month): $110,000-$118,000 range
• Key level to break for bullish continuation: $118,575 • Critical support if bearish: $107,255

Recent Bitcoin Price Predictions from Analysts

The latest BTC price prediction data reveals a compelling consensus among cryptocurrency analysts pointing toward gradual upside momentum. LiteFinance analyst Roman Onegin leads the optimistic camp with a $115,940 Bitcoin forecast, backed by Elliott Wave analysis suggesting the completion of a bearish impulse wave. This technical perspective aligns with Cryptonews.com's mathematical models projecting $114,942.91, while Bitget's conservative $113,560.72 BTC price target represents the floor of current expectations.

The convergence of these predictions around the $114,000-$116,000 zone creates a strong technical magnet for Bitcoin's next move. While Eric Trump's long-term $1,000,000 target captures headlines, the immediate focus remains on these more achievable short-term levels that could validate the broader bullish thesis.

BTC Technical Analysis: Setting Up for Bullish Breakout

Current Bitcoin technical analysis reveals a market in transition from neutral to potentially bullish territory. With BTC trading at $111,666.56, the price sits strategically above the critical 200-day SMA at $101,529.84, maintaining the long-term uptrend structure. However, the positioning below the 50-day SMA at $115,492.44 suggests near-term resistance that needs to be overcome.

The RSI reading of 46.69 provides the clearest bullish signal in our BTC price prediction analysis. This neutral zone positioning offers substantial room for upward momentum without entering overbought territory. The MACD histogram at -15.2844 shows bearish momentum is weakening, setting up for a potential bullish crossover that could trigger the next leg higher.

Bitcoin's position at 0.42 within the Bollinger Bands indicates room for expansion toward the upper band at $118,307.03. The daily ATR of $2,780.03 suggests that a move to our $115,000 BTC price target represents normal volatility parameters, making this forecast technically achievable.

Bitcoin Price Targets: Bull and Bear Scenarios

Bullish Case for BTC

The primary Bitcoin forecast scenario targets $115,000 within 7-10 trading days, representing a 3% gain from current levels. This BTC price target aligns perfectly with analyst predictions and the 50-day moving average resistance. A break above $118,575 immediate resistance would open the path to $124,474 strong resistance, potentially extending gains to 11-12%.

Key bullish catalysts include RSI moving above 50, MACD histogram turning positive, and sustained trading above the 20-day SMA at $112,575.92. Volume confirmation above 1.5 billion daily would strengthen conviction in this Bitcoin technical analysis outlook.

Bearish Risk for Bitcoin

The bearish scenario for our BTC price prediction involves a break below $107,255 support, which could trigger a retest of psychological $100,000 levels. This represents a 4-7% downside risk that traders must consider in their buy or sell BTC decisions.

Warning signals include RSI dropping below 40, sustained trading below the 20-day SMA, and daily closes under $110,000. The 200-day SMA at $101,529.84 would serve as the ultimate support in any deeper correction.

Should You Buy BTC Now? Entry Strategy

Based on current Bitcoin technical analysis, the optimal buy or sell BTC strategy involves staged entries. Primary accumulation should occur on any dip toward $110,000-$111,000, with stop-loss protection below $107,255 support.

For aggressive traders, the current $111,666 level offers acceptable risk-reward toward the $115,000 BTC price target. Conservative investors should wait for a break above $113,000 with volume confirmation before initiating positions. Position sizing should not exceed 2-3% of portfolio value given the 4% stop-loss distance.

BTC Price Prediction Conclusion

Our comprehensive Bitcoin forecast points to a high-probability move toward $115,000 within the next two weeks, supported by improving technical conditions and analyst consensus. This BTC price prediction carries medium-high confidence based on the convergence of multiple bullish factors.

Key indicators to monitor for confirmation include RSI breaking above 50, MACD turning positive, and sustained trading above $113,000. Failure to hold $110,000 support would invalidate this bullish Bitcoin technical analysis and require reassessment of the medium-term outlook. The timeline for this BTC price target achievement extends through mid-September, with the strongest probability window occurring in the next 7-10 trading sessions.

Image source: Shutterstock