The price of Bitcoin stands at $110,360, down more than 1.15% over the last 24 hours, while traders are awaiting the support area at $112,000. With a direct market capitalization of $2.19 trillion, and trading nearly 19.9 million BTC, the currency still sits at the top of the crypto sector, though the short-term outlook appears bleak.
#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_لا_مركزي
Analysts see the price of Bitcoin as 'hanging by a thread' after touching the lower limit of the support channel; breaking the $112,000 level could open the door for larger retracements, with the range of $108,695-$110,000 being the last line of defense before slipping to deeper levels. The broader picture shows that institutional demand remains strong, but short-term traders are questioning whether the upward wave of this summer has reached its peak.
ا$SOL
For the technical outlook of the price of Bitcoin: Is a sharp decline looming?
Technically, the price of Bitcoin is still trapped within a descending channel after failing to hold above the $124,450 level at the beginning of the month, with the decline forming a series of lower highs, while the price is currently stabilizing near $110,100.
Key technical levels:
The 50-day simple moving average ($116,553): now represents upper resistance.
The pivot point at $112,000: represents the intersection of a previous trend line with a support level.
Support range $108,695-$110,000: a critical floor before further declines.
Downside risks: $105,150 and $101,550 if the current support fails.
Momentum indicators suggest caution; the Relative Strength Index (RSI) stands at 38, indicating that the currency is in an oversold area without any positive divergence, and the MACD is negative reflecting downward pressures. Recent candles show a state of indecision with long tails from below and long wicks from above, reflecting a struggle between buyers and sellers.
#Bitcoin is testing key support near $110K after failing to hold $124.4K highs.
Daily chart shows a descending channel, RSI oversold (38), MACD still negative.
Break below $108.5K → $105K / $101K
Break above $116.8K → $120.9K / $124K
— Market at a decision point. pic.twitter.com/i7qj3Xsdmr
— Arslan Ali (@forex_arslan) August 26, 2025
If the support level holds, the price of Bitcoin may bounce back towards $116,850, where channel resistance meets the 50-day simple moving average. A stable breakthrough of this level would pave the way towards $120,900 and then to the August peak at $124,450.
On the contrary, a decisive drop below $108,695 will amplify recession fears and may accelerate the decline towards $100,000, a level that could trigger a panic sell-off but may also attract an institutional accumulation wave.
Price predictions for Bitcoin: Towards $130,000 or $100,000?
The equation is binary: either the price maintains its support and forms a solid base, or a sharp drop pushes it to $100,000; if buying forces can push the price above $116,850, the price structure favors a new rise towards $124,000-$130,000 with momentum recovery.
However, a sustained break below support at $108,500 will put levels $105,000 and $101,000 in the target range, ultimately opening the door for testing the psychological barrier at $100,000.
As long as institutional demand remains a supportive anchor, any decline may be fleeting and temporary, but if the support level continues to crack, the market could witness the most severe correction since the upward wave in June.
From our perspective, we see that the current consolidation phase of the price of Bitcoin does not reflect a downward trend as much as it paves the way for the next upward wave. Whether the rebound starts from $110,000 or after a slip towards $100,000, the long-term path towards new peaks remains firmly in place.
The post Bitcoin price predictions: Support level shows signs of weakness, is the market preparing for a rapid decline towards $100,000? appeared first on Cryptonews Arabic.
