Bitcoin ‘Hanging By A Thread’ Around $112,000, Analyst Warns
Posted On August 25, 2025
Bitcoin (CRYPTO: BTC) is “hanging by a thread” after slipping below the $112,000 support level, according to pseudonymous analyst Ali, who highlighted both technical and on-chain signals suggesting the market could face further downside pressure.
What Happened: Ali noted on Onday that while Bitcoin briefly bounced from $112,000, the recovery failed to hold. Price action from July and yesterday’s session wick point to $110,500 as a potential interim support level.
On-chain data, however, paints a more concerning picture.
With $112,000 breached, Ali said a support gap exists down to $108,000, leaving limited demand to absorb selling pressure in the zone between.
Market dynamics have added to the …
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