Bitcoin Price Forecast Update Today 08-01-2025

Bitcoin (BTCUSD) price touched the $95195.00 level and is putting negative pressure on it, indicating a trend to break this level and achieve further expected decline during the upcoming sessions, noting that confirming the break will push the price towards the $90000.00 levels and then $87055.00 as subsequent targets.

Therefore, we will continue to favor the downward trend for the upcoming period unless the price rushes to break the $99785.00 level and stabilizes above it.

The expected trading range for today is between the support $93500.00 and the resistance $98500.00

Price forecast for today: Low $BTC