Bitcoin Drops Below $113K: Where Could the Next Bottom Be? 🔻

On the morning of August 20, 2025, Bitcoin hit a fresh local low of $112,600, trading almost 9% below its all-time high of $124,457 from just six days earlier. The sharp drop has sparked heated debate across the crypto community about where BTC could find its next bottom.

Many analysts, including PlanB’s poll respondents, believe Bitcoin could slip under $100,000. Popular trader Doctor Profit predicts a September crash toward $90,000–$93,000, followed by a rebound later in the year. Trader @follis_ shares a similar view, expecting a breakdown in September, recovery in October, and renewed growth in November before a bear market begins in January 2026.

Not all outlooks are bearish. Benjamin Cowen sees BTC dipping only to its moving average support, avoiding a sub-$100K breakdown. Captain Faibik also targets a $100K retest next month, while VirtualBacon argues that skepticism will fuel an extended bull run.

The most bullish camp anticipates a rally to $200,000, citing an 84.9% chance of a Fed rate cut in September, which could boost demand for high-risk assets like crypto.

Still, bears remain vocal. Altcoin Sherpa warns of a potential drop to $74,000, pointing to a spring trading zone acting as a price magnet. Meanwhile, Myles Deutscher argues that the bull run may already be exhausted.