BTC Surges After Pullback, Price Breaks $120,000; Opportunity or Bull Trap?

BTC August 11 Market Review: After a pullback, it surged again, breaking through $120,000

On August 11, 2025, Bitcoin (BTC) experienced a strong rebound after a slight pullback, with the price breaking through the important psychological barrier of $120,000. According to statistics from various data platforms such as Twelvedata and YCharts, BTC reached a high of about $120,950 that day, ultimately closing around $120,890, with a daily increase of over 1%, indicating a clear return of buying power in the market.

This wave of rebound broke through the previous range of consolidation between $116,000 and $118,000, and also allowed BTC to once again stand above the key support line that bulls are paying attention to.

Technical Analysis: Bull Flag Pattern and Support Levels Indicate Bullish Advantage

The recent trend of Bitcoin shows a typical “bull flag pattern”, where it first experiences a rapid rise (flagpole), followed by a price consolidation (flag), and finally successfully breaks out of the flag to initiate a new rally. This time, BTC has firmly regained a position above $120,000 after a pullback, which aligns with the technical signal for a bull flag breakout.

In addition, multiple technical indicators such as moving averages (MA) also support the current bullish trend, with the MACD indicator showing a buy signal. The overall technical analysis reveals that BTC bullish momentum has not yet diminished, and it is expected to continue to challenge higher price levels.

Current market data analysis

• Twelvedata shows that on August 11, BTC reached a high of approximately $120,950 and a closing price of about $120,890.
• YCharts quotes show slight differences, closing at about $119,266, an increase of 2.37%.
• Investing.com’s historical data also shows a similar range, with fluctuations throughout the day between $119,291 and $119,801.

Price differences arise from varying quotes and time points across different exchanges, but the overall trend is consistent: BTC price breaks through and stabilizes above $120,000.

Market Background and Driving Forces

The current macroeconomic environment significantly affects the BTC price trend. In mid-August 2025, the market is focused on the upcoming CPI inflation data to be released by the United States and the latest developments in the China-US trade negotiations. These factors influence the strength of the dollar, which in turn affects the sentiment in the cryptocurrency market.

The US dollar is relatively stable, and investors are starting to shift their funds towards safe-haven or alternative assets. As a result, Bitcoin and Ethereum have benefited, with capital inflows accelerating price increases. In addition, institutional investors continue to increase their positions, and the proportion of coins held by miners is rising, reducing circulating supply and further supporting prices.

The inflow of ETF funds remains positive, and the regulatory environment is becoming clearer, which also provides stable support for the BTC price.

Future Outlook: Target Price Levels and Risk Warnings

From a technical perspective, the breakout of the bull flag pattern indicates that BTC is expected to continue rising, with the next focus potentially at $135,000. However, the market still faces certain fluctuations and uncertainties, including macroeconomic data, policy news, and global market risk events.

Newbie investors should remember:

• After the price breaks through the key level, it is still necessary to observe whether it can stabilize and confirm the trend strength.
• Set reasonable stop-losses to prevent losses caused by short-term market fluctuations.
• Control your position size to avoid risk exposure from heavy positions.
• Pay more attention to news and market dynamics, and adjust strategies in a timely manner.

Beginner Operation Suggestions

• Observe support and resistance levels: Wait for BTC to stabilize above $120,000, then confirm the bullish trend before making a decision.
• Build positions in batches: avoid making a one-time purchase to reduce entry risk.
• Use stop-loss orders: Set the stop-loss in the range of $118,000~$119,000 to prevent significant losses during price pullbacks.
• Keep a close eye on market news: especially macroeconomic data and policy trends, as these may directly affect the movement of crypto assets.
• Reasonably control your position: Do not blindly follow the trend, allocate your funds proportionately.

Summary

On August 11, 2025, BTC rebounded strongly after experiencing a pullback, successfully breaking through the $120,000 mark, showing that the bull market momentum continues. Both technical and fundamental factors indicate a bullish trend, but market volatility cannot be ignored.

New investors should participate rationally, implement risk control, combine technical signals with market information, and lay out a solid plan to seize the potential next wave of increase in BTC.