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BTC Price Struggles Near $115K, Analysts Eye Big Rally

BTC Price Struggles Near $115K, Analysts Eye Big Rally

CryptotaleCryptotale2025/08/18 04:30
By:Kelvin
BTC Price Struggles Near $115K, Analysts Eye Big Rally image 0
  • Bitcoin slips over 5% in a week, retreating from August highs after momentum faded quickly.
  • On-chain data reveals large bid clusters around $114,900–$115,000 as buyers absorb selling.
  • Optimists argue the current weakness could be the final consolidation before a larger breakout.

Bitcoin (BTC) has slipped into a bearish stretch over the past week, dropping more than 5% after its early August surge. The rally had lifted the token from a base of $111,909 to its all-time high around $124,519, but momentum quickly faded.

The retracement has since pressed BTC down to the 23.60% Fibonacci level at $114,885, where buyers have stepped in to slow the drop. This marks the first notable correction since the token climbed in a tight bullish channel earlier this month.

BTC Price Struggles Near $115K, Analysts Eye Big Rally image 1 Source: TradingView

On a broader scale, BTC is now pressing against a seven-year resistance line that has historically turned back major rallies. Every test of this trendline since 2017 has triggered protracted pullbacks, and observers warn that the same could be occurring now.

Not everyone, however, views the move as a replay of history. Some mention that if BTC breaks and closes decisively above this resistance, it may turn the script. Such a breakout would eliminate the bearish pressure and possibly send Bitcoin into a new bullish trend, opening up unprecedented price territory.

BTC Price Struggles Near $115K, Analysts Eye Big Rally image 2 Source: TradingView

In the short term, market observers are concerned with the support at $114,885. Trading above this floor may give BTC the chance to bounce back to the 50% Fibonacci retracement level of $118,214. In case the floor breaks, though, traders caution that further retracements could be in store.

BTC Breakdown Sparks Caution Near Support

To compound these fears, market analyst Captain Faibik stated that Bitcoin has fallen out of a rising wedge formation on the daily chart, which is usually a sign of more downside to come. He laid out a list of possible targets in case of further deterioration.

The initial critical area is between 110,000 and 112,000, where traders are keenly observing any indication of stability. Faibik stressed that if bearish momentum grows stronger, the next demand area could shift to $105,000–$108,000.

BTC Price Struggles Near $115K, Analysts Eye Big Rally image 3 Source: X

He described this range as a decisive test, during which buyers may attempt to halt the slide. Yet his analysis also contained a cautionary note: in an extreme selloff, Bitcoin could tumble toward the psychological threshold of $98,000–$100,000.

Such a move would challenge market confidence and potentially reset sentiment across the crypto landscape. On the other hand, on-chain liquidity data shows a heavy cluster of bids forming near the $114,900–$115,000 range, signaling that buyers are attempting to absorb the latest wave of selling.

BTC Price Struggles Near $115K, Analysts Eye Big Rally image 4 Source: X

Heatmap charts highlight this zone as a high-demand pocket where large orders are stacked, suggesting that BTC could stabilize if this support holds. However, analysts warn that if liquidity thins out and price cuts through this level, the path toward $112,000 and lower demand zones may become more likely.

Related: Bitcoin Breaks $124K Amid Rate Cut, CPI, and Political Pressures

Optimists Hold Their View Amid BTC Weakness

However, not everyone is convinced the current weakness will define Bitcoin’s path. Some analysts argue that history is setting the stage for a far larger move. One such analyst, 0xNobler, projected that the 2025 bull run could be the biggest in Bitcoin’s history, with prices reaching as high as $315,000. Such a breakout, he noted, would not only mark a new chapter for Bitcoin but also ignite the next major altseason, pulling broader markets into the rally. 

BTC Price Struggles Near $115K, Analysts Eye Big Rally image 5 Source: X

Supporters of this outlook argue that the same pattern is currently developing, with the latest pullback of Bitcoin serving as the final period of consolidation. Breaking resistance, they contend, would pave the way to a rally never witnessed before — one that redefines the scope of the long-run direction of Bitcoin.

Conclusion

Bitcoin is at a critical point between its short-term vulnerability and the possibility of long-term power. While technical signals suggest further downside, on-chain data and historical trends point to the foundations of a larger move already being set. The next stage will reveal whether BTC holds its ground or breaks lower.

The post BTC Price Struggles Near $115K, Analysts Eye Big Rally appeared first on Cryptotale.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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