Bitcoin entrepreneurs will weigh $ 112,000 supporting retest and fresh breakout to the next
Bitcoin (Btc) Started a new week with a fresh seller-off, and entrepreneurs were split where it would be next.
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The BTC action price has sank $ 10,000 since the latest all time high day ago, leading to comparison to the 2021 top.
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Order-book manipulation can be blamed, dispute with review; A large creature can be “buying a sink.”
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The US Federal Reserve’s Jackson Hole Symposium should, with the US Inflation Fight in contrast to the hope of a settlement of Russia-Ukraine peace.
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Bitcoin’s hodlers may have less time to enjoy the gains while the latest superstition enters the seventh week.
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In a “strange” development, the weakness of BTC prices is diverting from a positive Coinbase premium.
Bitcoin price is “reduced” Breakout odds this week
A quick seller-off interrupted a calm weekly near for BTC/USD on Monday, the data from Cointelegraph Markets Pro and Tradingview shown.
Just days after this Latest all-time high Above $ 124,500, the pair poured 2% in time, carrying a total drawdown from the peak to over $ 10,000.
Commenting on the current market structure, entrepreneurs quickly call new local lows in the coming days.
Rising wedge playing as expected. I have shared this situation for several days. pic.twitter.com/cwbo7waneq
– Crypto Tony (@cryptotony__) August 18, 2025
The trading platform indicators even removed Bitcoin that could hold a 21-day simple transfer of average (SMA), flagging a “relatively solid” signal to one of its ownership trading tools.
“It doesn’t guarantee a nuke, but it drastically reduces the likelihood of a $ BTC breakout this week,” it wrote Latest post In X.
Famous businessman Daan Crypto Trades gave $ 112,000 as BTC price level to watch on the downside, as well as a break of $ 120,000 in the event of a reversal.
“These early weeks are moving tend to be rerefit but let’s see how the US market is doing today,” he said X followers.
Some are more concerned about the long-term impact of recent price behavior. Both businessman Roman, long ago weakness in the marketEmphasized that low volume failed to cement the latest highs.
“Now $ BTC has dropped $ 10,000 from previous highs. Lack of volume has been quite about the past months,” he Says.
“To me it’s distribution. Everything is still lining up like 2021.”
Roman identified the Bitcoin’s last bull market, which ended in late 2021 after a top top at $ 69,000, a level that remained resistance for years and where triggered the start of a 77% bear market drawdown.
Assessment sees manipulation and “buy dip”
While manipulation in the crypto market is rarely considered positive, Bitcoin may experience inappropriate pressure of the seller, which does not reflect true demand.
This is the conclusion from popular businessman Crypnuevo, who is with him Latest x thread The snap BTC price dip has argued that nothing but organic.
“Bitcoin has made a new ATH, but then a manipulated organized move dumped price that brings $ 1B to 24h destruction. At the same time the retail stopped and liquid … One hand bought all those fluids,” he said.
A large volume of buyer in the Crypto Exchange HTX, Crypnuevo argued, simply attempted to buy at a lower level before the uprising continued.
“It is possible that they ‘prevented the train’ to get some more purchases before it again. So it is possible for us to see some integration -including, maybe choppy yet, for a few days before the level of $ 120K is again,” he continued.
“When the price can maintain over $ 120k, we should see a good move.”
Exchange order-book data from Coinglass showed how the price was sliced by bid’s liquidity, with $ 114,000 in interest at the time of writing.
The Jackson Hole meets Ukraine’s peace of peace
This week, the annual policy of the Federal Reserve of the Symposium at the Jackson Hole, Wyoming, is the calendar event of each entrepreneur.
Chair Jerome Powell will speak on Friday on what promised to be a dangerous climax for market uncertainty in future policy, specifically, interest rates.
“The investor’s attention will be fixed to the Federal Reserve Chair Jerome Powell’s Jackson Hole Speech, and how the Fed views the balance of risks between recent weak data in the labor market and increase inflation,” the trade mosaic asset company confirmed in the latest edition of regular newsletter, The mosaic of the market.
“Powell’s previous speeches have delivered views on metrics monitored by Central Bank officials to make policy decisions.”
🇺🇸 UPDATE: Fed Chair Powell is set to speak on Friday, August 22 and 10:00 am et in the economic outlook and framework review. pic.twitter.com/cu7brxc7d8
– Cointelegraph (@cointelegraph) August 18, 2025
The Fed was caught between rising inflation and weakening of market making data, which does not increase or lower the rates of an attractive choice.
Examining current working trends, the trade source Kobeissi letter warns that a “generation of work generation” could begin.
“Now, the youthful work rate underneath noticed On the part of an X post over the weekend.
“It also signifies the US manufacture market can weaken more, that young workers usually the first feel the impact when the economy turns. The work market is rapidly deteriorating.”
At the same time, Powell is under extreme pressure from Washington, especially President Donald Trump, to give the rates a significant rate. Trump repeatedly called Powell “late” in doing so, and the successor of the latter was due to the unmistakable moment.
Meanwhile, the volatility of the risk of risk, may end in the midst of ongoing conversations to end Russia-Ukraine’s rivalry.
Kobeissi described Monday’s upcoming meeting between Trump and Ukrainian President Volodymyr Zelenskyy as “important.” Markets are “pricing” in a regulating peace.
Finishing “Discovery Price Discovery”?
While seeing many short-term corrections, Bitcoin enjoyed six weeks of solid utorship.
At the start of seven weeks, however, the businessman had a capital again WARNING WARNING For bulls. The phases of the bitcoin bull market uptrend, he mentioned On Sunday, have a habit of returning after five to seven weeks.
“Historically, the Bitcoin price of Discovery Uptrend 1 tends to end between Sunday 6 and 8 of its uptrend. Because with the discovery of the price uptrend 2, Bitcoin tends to end the uprising between Week 5 and 7,” he said.
“Week 7 of the Price Discovery Uptrend 2 begins tomorrow.”
An accompanying chart showed a variety of up and down the stages of the current bull market, measured from the 2024 block subsidy halving of Bitcoin. The chart provides a close target target of just under $ 160,000.
Continuing the latest sueing on an eighth week will put it in the top segment of history, guarding the 2017 Bull Market.
Bitcoin’s first major correction of 2025, following the end of the first raid, saw a 30% drawdown and local lows just under $ 75,000.
Coinbase Premium Divergence raises eyebrows
Despite the latest price drawdown, a popular measuring the US has suggested that the market momentum has remained intact.
Related: Coinbase calls for ‘Full-Scale’ Alt Season, Ether Eyes $ 6K: Hodler’s Digest, August 10-16
The Coinbase Premium, which measures the difference in BTC prices between Coinbase BTC/USD and Binance BTC/USDT pairs, is in the positive territory this week.
A positive premium suggests that Coinbase’s investor demand creates a price space with the largest global exchange, Binance, an encouraging sign for the US demands.
The last time the premium dipped under neutral in red was on August 12. The BTC/USD made a fresh full time high in the day after, but as the price failed to handle, the premium remained buoyant.
“After a few days of negative premiums, Coinbase premium shows strength again,” said Onchain’s analytics platform Quicktake Blog posts on Monday.
“Is this the start of a new leg?”
Considering the curious difference between price and premium, famous businessman Cas Abbe however described the situation as “unique.”
“Coinbase Bitcoin Premium is at its highest level in a month, and BTC will decrease. Now it can mean 2 things,” he suggested to followers of x.
“Either the consumer is Saylor only, who twins the days. Or, some big creatures have accumulated in silence before a big event. Maybe someone knows about dealing with Russia-Ukraine peace.”
Abbe identified Michael Saylor, CEO of the Technology Firm Strategy, which adds BTC to the corporate treasury almost weekly throughout 2025.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
