#BTC Drop Below# $114K – Is the bullish trend over, or is it a buying opportunity?



Bitcoin is currently trading at around $114,662.
Although there has been a small increase of 0.6% in the last 24 hours, the overall trend in the last week has been downward.
Since reaching the peak of $123,000 at the end of July, there has been a pullback of around 7%.

So what is behind this decline?

– Profit Realization: A natural technical correction is occurring following the historic rise in July.
– Macro Uncertainty: US labor data and interest rate expectations are impacting the crypto markets.
– ETF Outflows: Some institutional investors have started to act cautiously.
– Institutional Purchases: Nevertheless, large players like MicroStrategy continue to buy; this creates strong support at the bottom levels.

Critical Levels:
• Support: $112,000
• Resistance: $116,800 – $118,000

The question that needs to be asked at this point is:
Is this just a correction, or the beginning of a deeper pullback?

Share your thoughts in the comments!
#Bitcoin# #CryptoNews# #MarketAnalysis#
DMC8.02%
PI1.64%
XRP9.24%
BTC0.98%
ETH3.1%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 17
  • Repost
  • Share
Comment
0/400
Mfyzltvip
· 4h ago
Bull Run 🐂Bull Run 🐂Bull Run 🐂
Reply0
ASH879vip
· 9h ago
thanks for the information thanks thanks thanks
Reply0
Ryakpandavip
· 22h ago
Just go for it💪
View OriginalReply0
AylaShinexvip
· 23h ago
HODL Tight 💪
Reply0
AylaShinexvip
· 23h ago
Bull Run 🐂
Reply0
JOHAR09vip
· 08-07 09:40
✨🍀🤗
Reply0
JOHAR09vip
· 08-07 09:40
2025 GOGOGO 👊
Reply0
JOHAR09vip
· 08-07 09:40
Watching Closely 🔍
Reply0
JOHAR09vip
· 08-07 09:40
Buy To Earn 💎
Reply0
JOHAR09vip
· 08-07 09:40
DYOR 🤓
Reply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)