Bitcoin’s Decline Deepens — Support Zones in Focus as Bears
Stevie_Dennis
Updated at: 3 hours ago
{"content":"Bitcoin’s Decline Deepens — Support Zones in Focus as Bears Tighten Grip
Bitcoin is trying to rebound from $110,650. BTC is back over $112,200 but has several obstacles to $115,000.
Bitcoin made a comeback over $112,000.
The price is below $114,000 and the 100-hour SMA.
The hourly BTC/USD chart shows a negative trend line with resistance at $114,000.
If it breaks $114,500 barrier, the pair may rise again.
Dropping Bitcoin Price Again
Bitcoin fell again after closing below $114,500. BTC fell below $113,200.
Below the $112,000 support zone and 100-hourly Simple moving average. They tested $110,6500. Price has fallen to $110,692 and is trying to rebound. It rose beyond the 23.6% Fib retracement of the latest slide from $117,354 swing high to $110,692 low.
Bitcoin has fallen below $114,000 and the 100-hour SMA. Near $113,600 is immediate upward barrier. Near $114,000 is the first major resistance. The hourly BTC/USD chart shows a negative trend line with resistance at $114,000.
Next resistance may be $114,800, the 61.8% Fib retracement level of the latest slide from $117,354 swing high to $110,692 low. A close above $114,800 resistance might boost prices.
The price may soar to $115,500 resistance. More advances might push the price toward $115,500. The goal may be $116,500.
Another BTC Drop?
Bitcoin may fall again if it fails to break $114,000 barrier. Support around $112,500 is immediate. First significant support is around $112,200.
Around $111,500 is the next support. More losses might push the price beyond $110,650. BTC may go below $108,500, the biggest support.
The technical indications
Hourly MACD - MACD is falling in the negative zone.
Relative Strength Index hourly BTC/USD RSI is below 50.
Major Support Levels: $112,200, $112,000.
Major Resistance Levels: $113,500, $114,000.
#BTC #FamilyOfficeCrypto #CryptoRally #Write2Earn $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/25/d855a9b5838242a0a4b88096a5bb9a8b.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}