Bitcoin #BTC #CryptoCrash

Bitcoin (BTC) just plunged from its recent high of $123,218 to a shocking low of $112,722, shedding nearly $10.5K in value in just days. As of now, it’s trading around $113,141, down -2.47% in the past 24 hours.

📊 Real-Time Snapshot (Aug 1, 2025):

Current Price: $113,141

24h High: $116,362

24h Low: $112,722

Volume (USDT): $2.9B

Volume (BTC): 25,214 BTC

❗ Why Did Bitcoin Crash?

🔸 1. Key Support Levels Broken
BTC broke below major demand zones: $118,900 → $115,500 → $113,776 — these are now acting as resistance.

🔸 2. Whale Dumping at the Top
Large holders likely sold heavily near $123K, triggering cascading liquidations and stop-loss chains.

🔸 3. Weak Bounce Reaction
No significant buying response at $112.7K — bullish momentum is clearly fading.

🔸 4. Global Sentiment Shifts
Geopolitical fears, including Trump’s India-Russia comments, and broader risk-off mood are weighing on investor confidence.

🧭 Technical Breakdown (Multi-Timeframe)

🕐 1H Chart:

Sharp sell-off from $118.9K

Current bounce looks weak – likely just a bearish retest of $113.7K

Selling pressure still dominant

⏱ 4H Chart:

Downtrend fully in play

Rejection from $119.8K

Bearish crossover on MA(5) and MA(10)

Struggling to hold $113.2K

📆 1D Chart:

Bearish engulfing candle confirms reversal

Lost steam post-$123K peak

Break below $112.7K could expose $107,957 → $102,453

🔮 What’s Next for BTC?

📌 Scenario A – Short-Term Relief Rally (Less Likely):

If BTC can reclaim $115.5K with volume, it might retest $117.8K–$118.9K

Needs RSI divergence or macro support to fuel recovery

📌 Scenario B – Deeper Drop (More Likely):

Breakdown below $112.7K could trigger moves to $110K → $107K → $102K

Triggers: More whale exits, low-volume rallies, macro fear

🧠 Trader Strategy Guide:

Scalpers: Watch $113.7K – wait for confirmation (rejection or reclaim)

Swing Traders: Avoid longs unless $115.5K flips to support

Spot Investors: DCA opportunity near $107K–$102K for long-term bags

Leverage Traders: Use tight stops – this is liquidation territory ⚠️

🔥 Final Word
Bitcoin is entering a short-term bear phase. This might be a healthy correction in a larger bull trend — but the next 48 hours are critical. A decisive loss of $112.7K likely opens the door to deeper levels.

Stay sharp. FOMO and panic are the quickest paths to getting REKT.

📍 Key Levels to Watch:

Resistance: $113.7K / $115.5K / $118.9K

Support: $112.7K / $110K / $107K / $102K

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