Crypto analyst warns that Bitcoin faces a possible bearish
development after breaking key assist ranges. Whereas a short-term rebound is
doable, the general outlook stays cautious, and merchants are suggested to
handle danger amid unstable market circumstances.
BTC Bounces Earlier than Going through Key Resistance
Bitcoin has been present process a bearish correction. On the H1
chart, the worth bounced a number of occasions round 112,700, prompting a short upward
transfer, whereas 114,800 acted as a key resistance degree.
The cryptocurrency has since pulled again, with intraday
assist persevering with to carry. A bearish breakout under this assist might drive
the worth towards 110,000, whereas a break above 114,800 might push it towards the
subsequent resistance close to 116,500.
Bitcoin Faces Bearish Dangers, Analyst Warns
Crypto analyst BitcoinHyper on social media warned of a
vital bearish situation for Bitcoin, regardless of a latest 10% drop and a short
bounce from each day assist ranges.
Bitcoin has damaged key weekly and horizontal assist ranges,
confirming a downtrend throughout 1-hour, 2-hour, and 4-hour charts. The analyst’s
“preferrred situation” is a short-term rally to round $119,000—a possible quick
squeeze that might liquidate merchants betting towards BTC.
Chances are you’ll discover it fascinating at FinanceMagnates.com: BTC
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Following any bounce, Bitcoin might see a deeper correction
towards $108,000, with a worst-case situation close to $18,000 if a bigger rising
wedge sample develops. Oversold indicators on the Each day RSI and Stochastic
oscillator recommend a short lived rebound, however the general development stays bearish.
If decrease, that is the perfect assist on Bitcoin.Most will in all probability get scared: https://t.co/ogEFY1qo9A pic.twitter.com/CTZZXLHSXp
— BitcoinHyper (@BitcoinHypers) August 21, 2025
For merchants, BitcoinHyper recommends cautious lengthy positions
with tight stop-losses, whereas making ready to promote into energy. The outlook
aligns with Bitcoin’s historic tendency for barely adverse returns in
September.
Analyst Sees BTC Volatility Amid Leverage
Ryan Lee, Chief Analyst at Bitget, expects Bitcoin
to commerce inside a variety of $112K to $118K, as profit-taking and cautious
market sentiment proceed to affect worth motion. Elevated leverage in
futures markets might add volatility, making BTC prone to sharp actions.
Lee additionally highlighted that macroeconomic elements, together with
Federal Reserve selections, might affect worth route. The market at the moment
displays a steadiness between potential rebound alternatives and the chance of
additional corrections, formed by structural demand and elevated speculative
exercise.
This text was written by Tareq Sikder at www.financemagnates.com.
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