Analysis: BTC On-Chain Structure Returns to $117k Support Range, First Rebound Target is $125k

By: theblockbeats.news|2025/08/11 05:01:33

BlockBeats News, August 11th. On-chain data analyst Murphy posted that BTC has returned to $120,000. Although it cannot be considered a successful hold for now, it can be confirmed that on the chip structure side, BTC has once again returned to the price range supported by $117,000, turning the turnover zone of $112,000 to $116,000 into a "safe zone," which is almost consistent with the price trajectory deduced based on the "double-anchor structure."


Looking at the "MVRV Extreme Deviation Pricing Range," BTC is currently still running between the channel formed by the orange and yellow lines. It may find support at the lower rail and face resistance at the upper rail. The current upper rail position of the running channel is $125,000, which is also the first target of the rebound within the channel. If it successfully breaks through and does not fall below on a pullback, it will most likely move up another range to the second target of $137,000. If it encounters resistance, it may retest the key support of $117,000. This analysis is for learning and communication purposes only and is not investment advice.

You may also like

News thumbnail

ETH Holders Might Need More Patience for Fresh All-Time Highs

As of today, August 15, 2025, many Ether enthusiasts are eagerly watching the charts, hoping for a breakthrough…

crypto insight|2025/08/15 10:10:17
News thumbnail

Why Bitcoin’s Record High Evaporated in Hours: Unpacking the $124,000 to $117,500 Plunge on August 15, 2025

Bitcoin’s dramatic swing from a peak of $124,000 to a low of $117,500 in mere hours has left…

crypto insight|2025/08/15 10:10:17
News thumbnail

First US Staked Crypto ETF Hits the Market Today on August 15, 2025, Delivering Solana Exposure and Staking Rewards

Imagine stepping into a new era where your investments in cryptocurrency not only track the price of a…

crypto insight|2025/08/15 10:10:18
News thumbnail

DOJ Indicts Four North Koreans for $1 Million Crypto Heist from Blockchain Firm on August 15, 2025

As of today, August 15, 2025, the crypto market shows Bitcoin trading at $58,320 with a 0.85% gain,…

crypto insight|2025/08/15 10:10:18
News thumbnail

US Senate Approves Trump’s Budget Bill, Skipping Key Crypto Tax Reforms on August 15, 2025

As of today, August 15, 2025, the landscape of cryptocurrency regulation in the United States continues to evolve,…

crypto insight|2025/08/15 10:10:18
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]