Is Bitcoin Price Going To Crash Again After Losing $115K?
The main dishes to remember:
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Bitcoin depends on $ 115,000, risking a drop of $ 104,000.
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The weekly divergence of RSI indicates a deeper correction.
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The increase in NUPL signals increased profits, referring to $ 123,000 was the local summit.
Bitcoin (BTC) is down Friday, lowering below $ 115,000 for the first time since July 25. The inability to break the resistance at $ 120,000 for more than three weeks now takes the upward trend in the BTC price, at least in the short term.
Will the Bitcoin price increase to $ 104,000?
Bitcoin flirts with volatility down when it clings to the level of support of $ 115,000, an analyst of the region market, Michaël Van de Poppe, was reported as essential to continue the upward trend.
In relation: Bitcoin ends the record month at $ 115,000 with BTC prices set for “ vertical ” August ‘
Its graph shows that the drop in the BTC below $ 115,600 could trigger a cascade of long liquidations and push the price to the region from $ 110,000 to $ 112,000.
Cointelegraph Markets Pro and TradingView data show that Bitcoin has dropped to an intraday hollow of $ 114,100 on Friday. This price action was accompanied by $ 172 million in BTC liquidations, according to Coinglass data.
As Cintelelegraph reported, the chances of a deeper correction to $ 104,000 will increase if the level of $ 116,000 is not recovered shortly.
Bitcoin divergence alludes to $ 92,000
Adding to the short -term lower bias, the weekly Bitcoin graphic flashes a classic downward divergence between the price and the momentum.
The graph below shows that if BTC / USD has formed higher peaks in recent months, the relative resistance index (RSI) has widened lower tops, suggesting a decreasing bullish momentum.
Such a signal often precedes deeper withdrawals, as it did before the 2021 market.
If history is repeated, BTC could go back to its 50 -week exponential mobile average (EMA) (EMA 50 weeks; The Yellow Wave), currently nearly $ 92,000. This trend also served as a key support during previous bull markets, making it a logical target for any medium cycle correction.
A similar divergence was observed on the monthly graph by the Crypto trader Alejandrobtc, who said it was a sign that the Bitcoin cycle approaches its end.
“Bitcoin flashes a lower teller on the monthly RSI. This is the kind of configuration that ends the cycles.”
Bitcoin flashes a three -length three -length divergence on the monthly RSI.
The price climbs.
The momentum is not.
It is not noise.
This is the kind of configuration that ends the cycles, not starts them.$ BTC pic.twitter.com/wmvysozbsz
– alejandro₿tc (@alejandro_xbt) July 30, 2025
Net non -made (NUPL) Net Bitcoin Net (NUPL) also flashes warning signs. Metric is currently in zone from 0.5 to 0.6, a level historically linked to local summits.
With more than 92% of the profits supply at current prices, there is a probability of increasing the pressure of the sale. Such configurations in 2020, in March 2024 and January 2025, preceded net corrections, increasing the possibility of similar withdrawals in August.
Nevertheless, the 30 Bull Market Pic indicators of Quince Market suggest that Bitcoin shows no overheating sign with a BTC game price of $ 138,000. Other bullish analysts predict that Bitcoin still remains three months before a price of around $ 150,000.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.