Bitcoin fell under $116,000 for the primary time in weeks on August 7, 2025, buying and selling at $115,965.203125. This marked a 1.27% drop over the earlier 24 hours [2]. The decline has raised issues amongst merchants and analysts about whether or not the $116,000 stage can maintain, particularly in the context of broader market uncertainty [2].
Earlier in the month, Bitcoin failed to take care of its place above $124,000, triggering a bearish outlook for the brief time period [4]. An additional drop under $116,500 with elevated buying and selling quantity might sign continued downward momentum towards the $114,000–$111,000 vary [4]. On August 14, Bitcoin additionally dipped under $117,000, a 6% pullback marked by a bearish engulfing sample on the every day chart—a technical formation typically related to a development reversal [2].
Regardless of the current decline, on-chain information suggests continued investor curiosity. The Coinbase Premium Index and the Kimchi Premium each hit month-to-month highs, reflecting sturdy demand from U.S. and South Korean markets [2]. Quick-term holder liquidations have remained comparatively low, with solely 16,800 BTC in danger, considerably decrease than the 48,000 BTC seen throughout earlier corrections [2]. This means a extra measured response from merchants relatively than panic promoting.
The market can also be influenced by seasonal issues. The “Ghost Month”—a interval from August 23 to September 21—has traditionally seen a median 21.7% value decline since 2017, together with important drops of -39.8% in 2017 and -23% in 2021 [2]. If this sample repeats, Bitcoin might face renewed strain, testing the $100,000 to $105,000 vary [2]. Analysts stay divided, with some predicting {that a} summer time correction might create a stronger basis for a rebound in the fourth quarter, particularly with potential will increase in institutional shopping for [2].
From a technical perspective, the $116,000–$117,000 vary stays crucial. Each spot and futures shopping for are concentrated in this space, and a profitable protection might result in renewed upward momentum [2]. A deeper pullback in the course of the Ghost Month, nonetheless, could verify a extra important check round $100,000 [2]. The relative energy index (RSI) has proven indicators of a uncommon bullish “W” sample, which some analysts interpret as an indicator that the present bull development is just not but exhausted [7].
The market stays in a fragile stability, displaying each resilience and vulnerability because the potential for a seasonal correction looms. If the Ghost Month extends the decline, it could create long-term accumulation alternatives for buyers [2]. In response to information from Coinglass, a sustained drop under $116,000 might set off important liquidation occasions for lengthy positions on main exchanges [6]. The continuing interplay between psychological and technical components continues to form Bitcoin’s volatility.
Sources:
[1] Binance, https://www.binance.com/en/sq./put up/28463026101074
[2] AInvest, https://www.ainvest.com/information/bitcoin-news-today-bitcoin-slides-6-117-000-ghost-month-concerns-loom-2508/
[4] Bitcoin.com, https://information.bitcoin.com/bitcoin-price-watch-rejection-from-124k-sparks-short-term-bearish-outlook/
[6] Binance, https://www.binance.com/en/sq./put up/08-16-2025-bitcoin-price-movements-could-trigger-significant-liquidation-events-28387540884538
[7] CryptoDnes.bg, https://cryptodnes.bg/en/analizi/analyst-says-bitcoins-rsi-forming-rare-bullish-w-setup/
