More than half of the traders see $120,000 as a key price point. And the current data shows Bitcoin is not reaching it. With lows hitting $114,386 and a current rate of $115,489 on platforms like TradingView and CryptoQuant, it’s clear. For now, Bitcoin’s price is below $120k.
I keep an eye on real-time bitcoin data through platforms like CryptoQuant, TradingView, and Binance. Today, there’s been a lot of price movement and some traders faced losses. These quick changes are important. They help decide the short-term direction of Bitcoin’s price and alert traders.
This article will do two main things. First, it quickly checks if Bitcoin’s price is above or below $120,000 right now. Then, it adds more details. It uses graphs, data, expert opinions from CryptoQuant and TradingView, and tips on tracking live crypto prices closely.
Key Takeaways
- Latest data shows Bitcoin’s price is below $120k, with lows around $114k.
- I checked real-time data from TradingView, CryptoQuant, and Binance.
- $120k is important for traders for psychological and technical reasons
- Expect more ups and downs. Make sure you have a way to get real-time Bitcoin price alerts.
- Next, we’ll look at current prices and what affects them in the medium term.
Current Bitcoin Price Overview
I always keep an eye on the cryptocurrency market, looking at short-term and long-term trends. This morning, I saw the prices move a lot. People trading reacted to changes in the market and a lot of buying and selling happened. I’ve mixed today’s price changes, what’s happened before, and important factors to look out for changes or more ups and downs.
Live Price Update
According to TradingView, Bitcoin was trading around $115,489 recently after dropping to $114,386 earlier. This drop led to about $300 million in trades being canceled in one day, showing how risky trading can be in one day.
On August 18, I noticed Binance’s trading volume increased a lot, going over $6 billion. When the trading volume goes up, the price usually moves a lot too. This is important to think about when guessing if Bitcoin’s price will go above or below 120k today.
Historical Price Trends
In August, Bitcoin reached its highest price yet before it started to drop. Normally, when the price drops, people buy more, hoping the price will go up again. This has happened before, like after 2020/2021, and helped Bitcoin’s price recover.
Looking at how Bitcoin’s price changed over the past year and a recent shift, according to Swissblock, is helpful. These changes show how the market and investment trends have shifted.
Key Influencing Factors
Right now, what’s driving the market includes a lot of trading on Binance, a decrease in big traders moving their Bitcoin to exchanges from $6.4 billion to about $5 billion last week, according to CryptoQuant, and guesses on what the Federal Reserve will do next. Polymarket thinks there’s a good chance for a cut in rates in September.
How people respond to the Federal Reserve’s decisions from 2020 to 2024 is really important right now. From what I’ve seen, when the price drops and trading increases, it might mean big investors are buying more, thinking the price will stabilize. But, there’s a lot of talk about September being a challenging month.
| Metric | Recent Value | Relevance |
|---|---|---|
| Quoted Trade Price | $115,489 | Snapshot for intraday sentiment and execution |
| Intraday Low | $114,386 | Triggered ~ $300M liquidations; shows leverage risk |
| Binance Spot Volume (Aug 18) | > $6 billion | Indicates concentrated buying and liquidity |
| Whale-to-Exchange Flows | Down: $6.4B → $5B (week) | Lower outflows suggest reduced selling pressure |
| Macro Signal | Polymarket: >71% chance of 25 bps cut | Affects risk appetite and capital allocation |
| Contextual Question | bitcoin price live above 120k or below today | Helps readers frame live moves against key psychological level |
| Analysis Tag | latest bitcoin price analysis | Connects current facts to trend assessment |
Price Fluctuation Graph
I check a bitcoin price chart for a clear look at daily swings and bigger trends. The image focuses on a recent drop to $114,386 and then a gradual leveling around $115k–$116k. It uses TradingView ticks and CryptoQuant overlays to show volume and liquidity changes.
We’ll go over the short and medium frames in simple terms. I note the lengths of wicks, the flow from exchanges, and spots of heavy buying. These hints help figure out if buyers are gathering or sellers are losing steam.
Daily Price Movement
In a day, we saw big candles with long wicks, showing fast price turnarounds. At the day’s low, a surge in liquidations met with a lot of buying on Binance. This softened the price fall.
Seeing long wicks and lots of buying suggests gathering strength, not a sudden break. Watching live prices and orderbook depth helped me see this change as it happened.
Weekly and Monthly Trends
Looking at weekly candles, a late August surge towards peak prices followed by a drop seems seasonal. The trendline from Titan of Crypto looks strong; if it stays, reaching near $130k seems likely soon.
From a monthly angle, this pattern connects to 2024’s expected changes. Earlier Fed rate cuts and big rallies set the pace. Comparing this year to last, we see similar speed-ups after rate cuts and long settling periods.
- Data feeds used: TradingView tickline and candlesticks.
- Volume and flow: CryptoQuant charts for exchange inflows and outflows.
- Dominance channel: Swissblock BTC dominance for broader market context.
To stay current, I switch between daily and weekly charts for prices above or below 120k. This helps me distinguish short-term noise from major trend shifts.
Statistical Analysis of Bitcoin
I keep track of important data when watching the market. My goal is to show numbers that explain short-term moves clearly. I’ll explain the market cap, trading patterns, and compare this year to last year. This helps you understand the current market.
Current Market Cap
The market cap is the total value of all the bitcoins in circulation multiplied by their current price. With Bitcoin’s price near $115,000, its market cap is lower than what it would be at $120,000. I make sure to check the data on exchanges and market summary sites.
A small change in Bitcoin’s price can greatly affect its market cap. This is very important when looking at how big money moves affect the market’s value.
Trading Volume Insights
Trading volume gives us insights into market participation. For instance, trading on Binance spiked, hitting over $6 billion on August 18. This shows both small investors and big players are very active.
Meanwhile, large bitcoin transfers to exchanges decreased. This suggests people are holding onto their bitcoins, not selling them. I use live data to link these volume changes to the price of bitcoin.
Price Comparison with Last Year
Comparing this year to last can show us how volatile Bitcoin is. In 2024, when the Federal Reserve was easier on its policies, Bitcoin’s price went up. But in 2022, when rates went up, Bitcoin’s price fell to around $15,000 by year-end.
Here’s a quick comparison for clarity. It shows the price, how much it changed, and what caused these changes.
| Metric | Current (Approx.) | Same Time Last Year | Year-over-Year Change | Primary Driver |
|---|---|---|---|---|
| BTC Price | $115,000 | $42,000 | +173% | Macro easing, ETF flows |
| Market Cap | $2.14T | $780B | +175% | Price appreciation, circulating supply |
| 24h Spot Volume (Binance) | $4.5B (typical) | $2.1B | +114% | Higher retail and institutional activity |
| Whale-to-Exchange Flow | $5.0B | $8.2B | -39% | Less selling pressure from large holders |
| 24h Liquidations | $300M | $120M | +150% | Short squeezes during volatility |
I always double-check these numbers with live Bitcoin price data. People wonder if the Bitcoin price is currently above or below $120k. This information helps answer that. You can use this data for your own analysis and making safe investment choices.
Predictions for Bitcoin Price
I watch the charts and conversations daily. Short-term moves are hard to figure out. But, patterns do become clear over time. Now, let’s look at what experts think, along with technical data and market feelings, without settling on a single prediction.
Expert Opinions
Amr Taha and CryptoQuant analysts see more people buying on spot exchanges. This shows they really want Bitcoin. The Titan of Crypto spotted a trendline. Staying above it could push Bitcoin to $130k. Josh Olszewicz tells traders to brace for a tough September. Benjamin Cowen says to watch out. He points to bigger economic factors that could push Bitcoin up or down quickly.
Technical Analysis Insights
Experts still believe in the weekly trendline. The big barrier is at $120k. Going past it could aim for $130k next. But if things dip, $114k–$115k could offer some support thanks to areas with less trading.
To make sense of Bitcoin’s future price, watch for sudden jumps in trading volume. Also, keep an eye on big Bitcoin buyers moving their stash, support from trendlines, and certain trading patterns. These clues might give us a sneak peek at where Bitcoin is headed.
Market Sentiment Analysis
Feelings about Bitcoin are all over the place. Fewer big players are putting Bitcoin into exchanges, which is good news. But, the trading world is on edge. Leverage in derivatives could mean big price swings if things get rough.
Everyone’s watching the Federal Reserve closely. Their decisions could change the game for Bitcoin. This tension feeds into predictions about whether Bitcoin will climb over 120k or fall below in the short term.
Frequently Asked Questions (FAQs)
I try to keep this FAQ to the point. Below, you’ll find answers to the top three questions I get. These are about tracking bitcoin’s price, whether it’s soaring above 120k or dipping below, and observing the market’s overall behavior.
What drives Bitcoin price changes?
The price changes due to supply and demand basics. Buying and selling in the market decides the price. Big transactions, especially by major players, also influence the price when they sell large amounts.
Things like market news or decisions by the Federal Reserve also play a role. They change how much risk people are willing to take. The amount of money in the market and big investors getting involved affect the trends over time.
What people think and feel about the market matters too. When traders are scared, prices can fall quickly. But when they’re confident, they help the price go up by buying more.
Is 120k a significant price point?
Yes, $120,000 is an important number. It acts as a marker that traders pay a lot of attention to. They plan their buys and sells around this number, so it influences the market.
Staying above $120k shows the market is strong. But if the price struggles to stay above this point, people become wary. It could lead to a drop as they look for other places to invest.
To understand recent trends and what might come next, look at this detailed Bitcoin analysis. It talks about patterns and possibilities for the price.
How can I track Bitcoin prices live?
There are lots of tools I use for keeping up with prices quickly. TradingView is great for charts and setting alerts. Binance shows real-time trading info which is very helpful.
I also use CryptoQuant for checking big transactions and how much bitcoin is being traded. Mobile apps are useful for getting alerts about price changes or important news when I’m not at my computer.
Using different tools together gives me a complete picture. This way, I can make sense of price changes quickly and understand what’s happening in the market better.
| Monitoring Tool | Focus | Why I Use It |
|---|---|---|
| TradingView | Charting & alerts | Custom layouts, indicator sets, rapid alerting for price thresholds |
| Binance | Spot markets & orderbooks | Real exchange liquidity, useful for sizing entries and exits |
| CryptoQuant | On-chain flows & volume analytics | Shows whale movements and exchange inflows that often precede big swings |
| Mobile apps | Push alerts | Immediate notifications for price breaks or news during the day |
Tools for Monitoring Bitcoin Prices
I keep a small toolkit to track bitcoin prices in real-time. This helps me get quick updates when prices change quickly. I also get deeper details when prices move slowly. Here, I’ll share the apps, platforms, and widgets I use every day. I’ll talk about how I use alerts and live tracking features.
Mobile Apps
I use Binance mobile for quick trades because it’s fast and the charts are easy to follow. Coinbase Pro mobile is great for simple, clean trades.
I depend on CoinStats and Delta for watching my portfolio and getting price alerts. They let me know when bitcoin hits certain prices. This means I use Binance for trading, CoinStats for watching my whole portfolio.
Online Platforms
TradingView is my favorite for looking at charts. I make my own indicators and set alerts for certain conditions. It’s a great way to keep track of bitcoin prices for my trading strategies.
I use CryptoQuant to see big bitcoin movements and check exchange volumes. CoinMarketCap and CoinGecko give me info on market caps and liquidity. I use all this info to understand bitcoin’s price movements better.
Recommended Widgets
TradingView’s embeddable widgets are perfect for keeping an eye on prices on my computer. I also have widgets on my phone’s home screen. This lets me quickly see prices without opening any apps.
I set alerts for when bitcoin reaches $120k and use stop-loss alerts for managing risk. This way, I only get alerts when it’s really important, not for small changes.
- Quick setup: push alerts on CoinStats or TradingView for fast updates.
- Deep checks: go to TradingView or CryptoQuant when I get alerts.
- At-a-glance: widgets on the home screen for easy price checks.
Comprehensive Guide to Bitcoin Investment
I began my crypto journey with curiosity, caution, and a bit of clumsiness. Over time, I developed a simple method. It helps me stay focused whether bitcoin’s price soars above 120k or dips below today. It also aids in tracking the wider cryptocurrency market trends.
How to Start Investing
Start by opening an account with a trusted exchange like Coinbase, Kraken, or Binance.US. Always enable two-factor authentication and verify your identity before adding funds.
Begin with small, gradual investments. I prefer spreading out my buys over time to avoid big risks. It’s smart to set limit orders at strategic prices. Try out strategies with small amounts or a demo account before using bigger sums.
Risks and Rewards
Investing can lead to significant long-term gains and diversify your portfolio. Timed right, bitcoin can boost your overall returns.
But the risks are significant. Prices can swing wildly, possibly causing quick losses. Changes in regulations and exchange issues add to the uncertainty. Market shocks, like changes in Federal Reserve policies, can greatly affect cryptocurrency prices.
A personal tip: embrace the market’s ups and downs. Manage your investments wisely to weather bad times. Have a plan for sudden price changes, including those where bitcoin fluctuates wildly.
Diversifying Your Portfolio
Don’t put all your money in Bitcoin. Spread your investments among cash, bonds, stocks, and specific cryptocurrencies like Ethereum, based on how much risk you can handle.
Set rules for how much to invest, when to cut losses, and when to adjust your portfolio. I tweak mine when any investment grows or shrinks past my comfort zone. This strategy helps manage uncertainty and maintains a deliberate approach to investment.
Here’s a quick guide I use for deciding how much to invest and setting safeguards.
| Allocation Target | Purpose | Risk Controls |
|---|---|---|
| Cash / Reserve (10–20%) | Liquidity for opportunities, emergency buffer | Maintain 3–6 months expenses |
| Bonds / Fixed Income (20–40%) | Stability and yield | Preferred short-duration ETFs for rate risk |
| Equities (30–50%) | Long-term growth | Diversified ETFs, sector limits |
| Crypto (5–15%) | High upside and diversification from traditional assets | Cap single-asset exposure, use hardware wallets for custody |
Evidence of Bitcoin’s Market Performance
I track bitcoin’s market using various charts, reports, and on-chain data. This helps me understand the current price trends. I look at volume changes, significant transactions, and major economic events. This mix of information lets me distinguish important patterns from everyday market noise.
I rely on trusted sources and reports for insight. Alongside, I study key events and turning points to shape my perspective. These don’t predict the future but offer valuable context. They help me observe trends over time.
Credible sources and reports
I use CryptoQuant for updates on big transactions and trading volumes. TradingView provides live trading data and helps me add notes to charts. Swissblock gives insights into how bitcoin competes with other digital currencies. Polymarket shows what traders think about upcoming economic decisions. I combine these resources to understand market changes.
Case studies
Buying during price drops has proven effective before. In 2020, significant buying right after price falls led to strong market rallies. After the Fed reduced rates in 2024, a similar trend appeared. A noticeable example was a sudden increase in buying on Binance when prices fell below $115k. This reflected earlier trends: big purchases, fewer big sellers moving to exchanges, and a temporary market calm.
Historical milestones
Certain events in the past act as markers for current trends. A test of the highest-ever prices in August led to a price drop. The 2022 increase in interest rates matched a downturn, with prices falling near ~$15k. When the Fed lowered rates in 2024, bitcoin’s value went up. Swissblock’s observation of a change in bitcoin’s dominance is another key event I watch for future trends.
I repeat my research steps to keep my analysis accurate: I check if high trading volumes, like over $6B on Binance, are happening. I look for signs of fewer large transactions. I compare today’s market activity with past trends. This process helps me decide if bitcoin’s current price is facing a temporary change or a new trend.
Conclusion and Future Outlook
Let’s wrap this up with simple, solid facts. Currently, bitcoin has seen a drop, trading below $120k. It even dipped to around $114,386 before stabilizing near $115,489. This happened as some investors started to sell off, but then we saw a big increase in trades on Binance. That’s over $6 billion in deals!
Experts saw signals in this. They think it could be a sign that people are starting to invest more in bitcoin again. CryptoQuant’s Amr Taha and charts on TradingView show us this interesting trend.
Figuring out where bitcoin will go next is tricky. Some experts, like Titan of Crypto, think it could reach up to $130k. But, there are also worries about the market facing tough times, especially in September. Personally, I like to keep an eye on how much bitcoin is being bought and the whale movements. In the past, these have often hinted at big changes in the market.
This mix of signs and data gives us the latest insights into bitcoin prices and the whole crypto market.
For those keen on staying up-to-date, it’s a good idea to use tools like TradingView and Binance. They help track prices in real time. Also, looking into the data from CryptoQuant, market predictions on Polymarket, and following reliable news is smart. Remember to set up alerts for important price points, like $120k, watch the trading patterns closely, and use all the info you can get before trading. Prices will keep changing, so staying alert is key.
The main facts for this analysis come from various sources. These include CryptoQuant, TradingView, insights by the Titan of Crypto, and Josh Olszewics’ analysis. Plus, discussions on Swissblock and Polymarket also provided valuable insights. Remember, this is for your info only and not trading advice.
