In the ever-evolving landscape of cryptocurrency, Bitcoin is currently experiencing a noteworthy dip, trading at $115,240 after dropping over 2.50% in the last 24 hours. As the global crypto market cap slides below the $4 trillion mark, Bitcoin’s live market cap stands at $2.29 trillion. With a circulating supply of approximately 19.9 million of its capped 21 million, Bitcoin remains the leading cryptocurrency. However, the latest price movements are placing Bitcoin at a crucial juncture, prompting traders to closely monitor technical indicators for the next significant shift.
On a technical front, Bitcoin’s chart is painting a bearish picture. The cryptocurrency has recently broken out of a rising channel and is now stabilizing around $115,480. This inability to reclaim the 50-day Simple Moving Average (SMA) at $117,695 indicates a waning momentum. Notably, candlestick patterns reveal signs of indecision, with a cluster of spinning tops forming at $116,000—a pivotal support level. This zone has transformed into a battleground where bullish defenses must hold strong; otherwise, we could see further declines.
According to market analysts, the momentum is decidedly bearish at this juncture. With the Relative Strength Index (RSI) at 32—teetering near oversold territory—it may indicate a potential short-term rebound; however, the underlying sentiment hints at further selling pressure. The Moving Average Convergence Divergence (MACD) remains negative and shows signs of widening, reinforcing the narrative that bears currently dominate the market. Expert insights suggest that if Bitcoin closes below the critical $115,000 support, we could see price targets sliding to $114,650 and even $112,000—key levels that were once considered stable support.
BTC hovers near $115K after breaking its rising channel. RSI at 32 signals oversold, while MACD stays bearish. Key support: $114.6K–$112K. A push above $119.4K could flip momentum toward $122K–$130K. Next 48 hrs critical. #BTC #Crypto pic.twitter.com/3HJhYqFPzU— Arslan Ali (@forex_arslan) August 18, 2025
For traders navigating these turbulent waters, caution is the order of the day. A close beneath the $115,000 threshold may signal a short entry point, with stop-loss orders placed above $117,000 and target levels aimed at the $114,650 to $112,000 range. Conversely, if Bitcoin manages to surge above $119,400, it could reverse the current bearish trend and pave the way for a rally to $122,250—and possibly even the coveted $130,000 mark if sustained buying momentum materializes. As it stands, support levels are firmly rooted at $116,000, $114,650, and $112,000, while resistance rests at $117,695, $119,400, and $122,250.
In this landscape, short-term traders are experiencing significant volatility, while long-term investors view this as a natural and healthy recalibration within Bitcoin’s broader bull market trajectory. Given the finite supply capped at 21 million coins and ongoing inflows from institutional investors coupled with retail demand, each price correction sets the stage for renewed strength. As Bitcoin hovers around $115,000, the coming days will be pivotal in determining whether bears maintain their grip or if buying pressure will enable buyers to reclaim the momentum toward six-figure targets.
Amid this backdrop, an exciting development is on the horizon for investors looking for the next opportunity. Enter Bitcoin Hyper ($HYPER), an innovative project that merges Bitcoin’s security with the blazing speed of the Solana Virtual Machine (SVM). Bitcoin Hyper is set to revolutionize the Bitcoin ecosystem by enabling rapid, low-cost smart contracts, decentralized applications (dApps), and meme coin creations—all while facilitating seamless BTC bridging.
Incredible momentum is building behind the Bitcoin Hyper project, with presale interest skyrocketing and surpassing $10.3 million, leaving only limited allocations available. Currently, HYPER tokens can be purchased at the enticing price of just $0.012745, but it’s important to act fast before this price adjusts upwards. Interested investors can participate in the presale through the official Bitcoin Hyper website, utilizing either cryptocurrencies or traditional bank cards.
As we navigate the volatile waters of cryptocurrency, it’s crucial for investors to stay informed and engaged, leveraging opportunities like Bitcoin Hyper while keeping a close watch on Bitcoin’s price action. Every movement in this realm tells a story—are you ready to be a part of the next chapter?