Bitcoin Struggles at $117K: Bulls Fail to Break Key Resistance

Bitcoin is trading around $114,600 in a narrow range, signaling low volatility and market indecision.

Technical charts show bearish pressure after a failed recovery from $111,658 and persistent resistance at $117,000. Patterns such as a double top near $124,000, a bearish flag on the 4-hour chart, and declining volume confirm weakening bullish momentum. Indicators remain mixed, with short- to mid-term moving averages leaning bearish while longer-term averages suggest underlying support.

A breakout above $115,500–$117,000 could revive upside potential, but a drop below $114,000 risks a deeper move toward $111,000 or even $105,000.

Clever Robot News Desk 25^th August 2025