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Bitcoin volatility is expected to be present before the speech of the Federal Reserve Speaker Powell on Friday.
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Analysts say Bitcoin’s decline is less than $ 112,000 provides a “great entry” opportunity for merchants.
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The BTC price may decrease to $ 110,000 if the main support levels are broken.
Bitcoin (BTCIt is heading alongside the broader encryption market since August 14, as it decreased to the lowest level in 17 days less than 112,500 dollars on Wednesday. With the rhetoric of Jerome Powell’s Jackson Hole, the Federal Reserve Chairman on Friday, markets can see fluctuating price fluctuations towards the main BTC prices during the next few days.
The level of “accumulation” is located in bitcoin near 112,000 dollars
A Less than the support level is 115,000 dollars What traders needed to determine whether to add or reduce exposure.
Founder MN Capital Michael Van De Poppe I was monitored Bitcoin hovers at $ 113,700, saying that the price has reached “a possible field of interest for a long time.”
The accompanying graph suggested that the area that reaches the lowest level in August at 111,900 dollars and the psychological level of $ 113,000 was a major level to see it in the six -hour time frame in BTC.
Related to: Sell Bitcoin “Clear pressure” as BTC PID Support is built at $ 105,000
Van De Poppe said that the decline below this area will provide traders with a “great” opportunity to buy more with a discount.
“If we win its lowest levels, this is the safest area to buy this area.
Similar feelings have been shared by an alphabtc colleague, who He said Bitcoin is likely to reconsider the lowest monthly level at 111,980 dollars before “greater pressure”.
📈#Bitcoin Game Plan 📈
The minimum time frame, I am looking for the lowest monthly level of operation and then more pressure.#Crypto #BTC https://t.co/3t7agox0x pic.twitter.com/lyi7cn2asf
Alphabtc (mark_cullen) August 20, 2025
Less than that, $ 110,000 is an important level To monitor, an area has supported the price of BTC since July 10, according to TRading Swissblock. It is located within the main demand area specified on a simplely simple moving average (SMA) at 111,000 dollars and $ 105,000.
Cointegraph mentioned, The main support level for Bitcoin remains $ 100,000SMA has adopted for 200 days and works as the last defense line of the bulls.
On the upper side, Bitcoin should turn the area between $ 116,000 (50 days SMA) and $ 120,000 in support to secure the bull race. This would increase the chances of reconsidering the highest level above 124,500 dollars or Top price discovery.
Will BTC references lead less than $ 110,000?
Many traders suffer from the capacity of potentially duplicity with bid orders that extend to $ 110,000.
Latest data from a monitoring resource Coinglass Eating price showed about $ 113,000, as the largest part of the interest was collected to less than $ 112,000. More than $ 110.4 million was the request for giving sitting between $ 111,000 and $ 110,000.
However, to the upward trend, orders were built, with the largest part of the qualifiers ranging from $ 115,800 and $ 118100.
If the level of 118,000 dollars is broken, it may cause liquidation, forcing the open sellers to close positions and drive about $ 120,000, which is the next main liquidity set.
“The largest group in its proximity is now about 120 thousand dollars, and of course, the low local range is still at 112 thousand dollars in play,” He said Bitcoin Daan Crypto traded in X on X, adding:
“These areas are monitored because they often act as local opposite areas and/or magnet when the price approaches them.”
As CoINTELEGRAPH I mentionedIncreasing the short -term bitcoin holders can increase the chances of the BTC decrease to $ 110,000.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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