#ShareYourThoughtOnBTC

On August 2, 2025, Bitcoin's journey was marked by continued bearish pressure, with the price struggling to hold above the critical $115,000 level. After reaching an all-time high of $123,000 in July, the cryptocurrency experienced a notable decline, trading down approximately 2.2% over the past 24 hours to around $115,745 at the time of reporting.

According to a Binance market update, the global cryptocurrency market cap saw a 1.33% decrease, with Bitcoin specifically trading in a range between $112,723 and $116,019. On-chain analysis from sources like CryptoQuant highlighted a lack of structural support below the current price, leading to concerns that a failure to maintain this level could trigger a rapid decline.

Despite the short-term bearish sentiment, some analysts remain optimistic about Bitcoin's long-term potential. One analysis suggests that based on the "Realized Price Theory," which looks at historical price cycles, Bitcoin's bull run may be far from over, with a potential to reach $150,000. Other forecasts, fueled by continued institutional adoption and the post-halving environment, even eye a bold $250,000 target by the end of 2025. However, for the immediate future, market participants are closely watching key support levels as the market consolidates and a clear direction remains uncertain.$BTC