#CreatorPad Bitcoin's price has been fluctuating, recently dipping below the $115,200 mark. It briefly fell to a low of around $114,322 before bouncing back.

* This decline is attributed to several factors, including new US tariffs, a wave of profit-taking, and a recent sell-off that triggered widespread liquidations.

* The overall crypto market has also seen a sharp downturn, with the total market capitalization decreasing.

* Despite the recent pullback, Bitcoin's monthly close for July was its highest ever, and many analysts still hold a positive long-term outlook.

Technical and Market Analysis:

* Bitcoin's volatility index has dropped to its lowest level since September 2023, a trend that has historically preceded strong upward moves.

* Analysts are monitoring key support levels, with $115,000 being a critical point. Some suggest that if this level doesn't hold, a further dip toward the $110,000-$111,000 range is possible.

* The recent downturn closed a "gap" in CME Group's Bitcoin futures market, a technical event that traders often see as a precursor to an upward movement.

* While some short-term technical indicators show bearish signals, longer-term indicators remain constructive, and institutional demand continues to be a driving force.