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Bitcoin has pulled back sharply from its recent high of $124

Tomi Mierau OJvM

Updated at: 3 hours ago

{"content":"Bitcoin has pulled back sharply from its recent high of $124,474 to $117,719, a drop of just over 5%. Price is now hovering just above the key $116,000 support — a level that’s acted as a strong rebound zone before and could once again attract buyers. If $116,000 holds, there’s a good chance we see a bounce toward the $120,000–$121,700 range. But if sellers manage to push through this level, the next major support to watch is around $111,000, where stronger buying interest is likely. In the short term, all eyes are on $116,000 — it’s the make-or-break level for Bitcoin’s next move. #bitcoin #Write2Earn ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/14/259bd4765cdfd8e340dc9021b96fdcfe.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}

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