Daily Trend Slips, But Hourly Signals Recovery

Bitcoin is trading at $113,924 to $114,016 over the past hour as of Aug. 3, 2025, with a market capitalization of $2.26 trillion and a 24-hour trading volume of $32.42 billion. The cryptocurrency has seen an intraday range of $112,113 to $113,981, underscoring ongoing volatility and cautious sentiment among traders.

Bitcoin

From the daily chart, bitcoin is undergoing a technical pullback following a sharp rally that peaked near $123,236. The current descent is defined by rising sell volume and clear bearish candles, indicating exit activity from long positions. With support found around $105,130, the price remains vulnerable to further correction. Indicators reinforce this outlook: the relative strength index (RSI) stands at 46 (neutral), while the moving average convergence divergence (MACD) level shows a bearish crossover at 433, affirming declining momentum.

On the four-hour bitcoin chart, the trend appears to be stabilizing following a drop to $111,919, which prompted a small rebound. Candle patterns showing lower wicks on green candles suggest demand near $112,000, while volume has subsided, possibly indicating the formation of a short-term base. If a higher low confirms, traders may consider entering between $113,000 and $113,500, targeting the $116,000–$117,000 resistance zone. The Stochastic at 14 and average directional index (ADX) at 21 remain neutral, signaling limited trend strength. Still, the short-term outlook is mildly bullish, with a potential breakout contingent on volume and momentum improvement.

BTC/USD 4-hour chart on Bitstamp on Aug. 3, 2025.

The one-hour bitcoin chart paints a more constructive picture, with bitcoin recovering from its $111,919 low to a recent high of $114,227. A series of higher lows and dominant green candles point to a micro-uptrend. Despite subdued volume, price action shows strength, supported by momentum at -4,170 (buy) and commodity channel index (CCI) at -201 (buy), indicating a possible short-term entry window.

BTC/USD 1-hour chart on Bitstamp on Aug. 3, 2025.

From a broader technical perspective, moving averages provide a split view. Short-term moving averages, including the exponential moving average (EMA) and simple moving average (SMA) over 10, 20, and 30 periods, all indicate sell signals. Conversely, longer-term moving averages—specifically the 50, 100, and 200 period EMAs and SMAs—are still flashing buy signals. This divergence implies a corrective phase within a longer-term bullish trend, suggesting caution for swing traders and opportunities for tactical intraday plays.

Ultimately, while short-term indicators present opportunities for nimble traders, the overarching daily structure remains bearish. A conservative stance is advisable until stronger bullish confirmations emerge on the four-hour or daily charts. Traders are advised to monitor volume behavior, MACD crossovers, and key candlestick patterns to better gauge the sustainability of any upward move. For now, the hourly timeframe offers the clearest route for action amid an uncertain broader setup.

Bull Verdict:

If bitcoin can maintain support above $113,000 and break convincingly through the $114,500–$115,000 resistance zone with increasing volume, short-term momentum may carry it toward $117,000 or higher. The presence of higher lows on the one-hour chart and buy signals from long-term moving averages support a potential bullish continuation if intraday strength solidifies.

Bear Verdict:

Despite short-term rebounds, the prevailing daily trend remains bearish, with consistent sell signals across short- and mid-term moving averages and weakening momentum indicators like the MACD and Awesome oscillator. Unless bitcoin establishes a strong reversal pattern near $111,000–$112,000, the probability favors continued downside toward the $105,000 support region.