2025-08-07 15:12:35

#BTC Drop Below 114 thousand Dollar - Has the bull ended or is it a buy out opportunity?

Bitcoin is currently trading at around $114,662.
Despite a small increase of 0.6% in the past 24 hours, the overall trend over the last week has been downward.
There has been a decline of about %7 since reaching a peak of $123,000 at the end of July.

Okay, what is behind this decline?

– Profit Realization: The market is witnessing a natural technical correction after the historical rise in July.
- Total uncertainty: U.S. labor force data and interest rate forecasts affect cryptocurrency markets.
– ETF withdrawals: Some investment institutions have begun to move cautiously.
– Institutional buying: Despite this, major players like MicroStrategy continue their buying operations; creating strong support at the bottom levels.

Critical levels:
• Support: $112,000
• Resistance: $116,800 – $118,000

At this point, the question that should be asked is:
Is this just a correction, or the beginning of a deeper pullback?

Share your thoughts in the comments!
#Bitcoin #CryptoNews #MarketAnalysis

BTC0,12%

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