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🔥 Bitcoin Cooling Off — But Breakout Still Within Reach? B

Stevie_Dennis

Updated at: 3 hours ago

{"content":"🔥 Bitcoin Cooling Off — But Breakout Still Within Reach? Bitcoin is dropping below $113,500. BTC may struggle at $113,000 when it recovers. Bitcoin fell again below $111,400. The price is below $111,500 and the 100-hour SMA. On the hourly BTC/USD chart, a negative trend line with resistance around $111,550 is formed. If it breaks $112,500 barrier, the pair may rise again. Bitcoin attempts recovery Bitcoin fell again after closing below $112,500. Bearish momentum pushed BTC below $112,000. Below the $110,500 support zone and 100-hourly Simple moving average. They tried $108,750. Recently, the price began recovering from a low of $108,734. Price rose beyond $111,200. The price broke the 23.6% Fib retracement level of the latest slide from $117,354 swing high to $110,692 low. Bitcoin has fallen below $111,500 and the 100-hour SMA. Near $111,500 is immediate upward barrier. On the hourly BTC/USD chart, a negative trend line with resistance around $111,550 is formed. First major resistance is around $112,000. $113,000, the 50% Fib retracement of the current slide from the $117,354 swing high to the $110,692 low, may be next resistance. A closing above $113,000 barrier might boost prices. The price may surge to $114,200 barrier. 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 $111,550. Near $110,500 is immediate support. Near $109,200 is the first big support. Around $108,500 is the next support. More losses might push the price toward $106,500. BTC may go below $105,500, the primary 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: $108,500, $106,500. Major Resistance Levels: $111,500, $113,000. #BTCWhalesMoveToETH #TrumpFiresFedGovernorCook #SOLTreasuryFundraising #BTC $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/27/292bf171664b4605a6df20de735d4274.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}

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