Bitcoin Price Prediction Today, August 6th 2025
1. Bitcoin's price dropped below $114K as long-term holders sold after reaching an all-time high, with over 70,000 BTC sold at a loss by short-term holders.#BTC
2. Key support levels are identified at $108K–$112K, with $103K as a potential rebound zone.#BTC☀
3. The decline in Bitcoin's price is attributed to U.S. trade tariff threats and signs of slowing global growth, leading investors to move away from riskier assets like crypto.#BTC走势分析
4. Profit-taking by long-term holders, including a significant sale from a Satoshi-era wallet, has contributed to the price drop.
5. Retail and institutional investors entered the market following Bitcoin's record high, but their buying power was insufficient to maintain prices above $120K. $BTC
6. Short-term holders have experienced significant losses, with notable sell-offs in July, indicating weakened short-term sentiment.#BTC☀ $BTC
7. Bitcoin ETFs have seen outflows, adding to the market's struggle to find upward momentum, although these outflows are modest compared to past corrections.
