As of August 19, 2025, Bitcoin’s price stands at $115,497, reflecting a $2.3 trillion market capitalization and a trading volume of $37.47 billion within the last 24 hours. During this period, Bitcoin exhibited a narrow trading range from $114,733 to $116,996, indicating a phase of consolidation following substantial volatility. Traders are keeping a close watch on this bearish engulfing pattern that has capped the recent rally, indicating potential future movements and market sentiment shifts. Analysis of these patterns offers critical insights for both day and long-term traders.