{"id":40364,"date":"2025-08-04T15:46:45","date_gmt":"2025-08-04T15:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40364"},"modified":"2025-08-04T15:46:45","modified_gmt":"2025-08-04T15:46:45","slug":"will-bitcoin-hit-119k-or-drop-to-110k-next-key-levels-in-focus","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40364","title":{"rendered":"Will Bitcoin Hit $119K or Drop to $110K Next? Key Levels in Focus"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bitcoin hovers near $115K, with resistance at $114.8K-$116.8K crucial for new all-time highs.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Weekend dip to $111,965 triggered $670 million futures losses, mostly from long positions.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analysts warn a rejection could see Bitcoin retest the $110K-$112K accumulation support zone.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mining difficulty hits 127.6 trillion; historical August patterns suggest potential volatility ahead.<\/span><\/li>\n<\/ul>\n<h2><b>Price Movement and Market Reaction<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin (BTC) traded jumped to $115,000 on Monday after rebounding from a weekend dip to around $111,965. The drop followed Friday\u2019s U.S. jobs data, which fueled recession concerns in the United States. Over the last 24 hours, the cryptocurrency recorded a trading volume of $29 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data from Coinglass showed that the sudden decline led to about $670 million in losses from perpetual futures positions, with long positions accounting for over $550 million. Despite the slight 1% gain in the past 24 hours, Bitcoin remains down 3% for the week.<\/span><\/p>\n<h2><b>Crucial Resistance Levels at $114.8K and $116.8K<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Analyst Micha\u00ebl van de Poppe said,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cBitcoin is doing great. It\u2019s back up to the first crucial resistance zone and green light for a new ATH. Breaking through this area isn\u2019t a guarantee of a new ATH, but a good first step.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">He pointed to $114.8K as the first level to clear and $116.8K as the second. A move above these zones could put $119.5K in focus for an all-time high test.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> is doing great.<\/p>\n<p>It\u2019s back up to the first crucial resistance zone and green light for a new ATH.<\/p>\n<p>Breaking through this area isn\u2019t a guarantee of a new ATH, but a good first step.<\/p>\n<p>Rejection here?<\/p>\n<p>Yes, that would mean we\u2019re retesting the area around $110-112K.<\/p>\n<p>There\u2026 <a href=\"https:\/\/t.co\/d3PpbgU9gp\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/d3PpbgU9gp<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1952292172256236016?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">He also warned that a failure to break above the current zone could send the price back toward the $110K\u2013$112K range. This area is seen by many traders as a strong support zone where buyers may step in before any attempt at a larger rally.<\/span><\/p>\n<h2><b>Market Structure and Price Gaps<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ted <\/span><a href=\"https:\/\/x.com\/TedPillows\/status\/1952318429702324514\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">noted<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201c$BTC now has a CME gap between $113.5K-$114K. Most of these CME gaps are filled, so expect a dip below $114K.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This leaves room for a small pullback before any push higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Daan Crypto Trades <\/span><a href=\"https:\/\/x.com\/DaanCrypto\/status\/1952089791954129157\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">observed<\/span><\/a><span style=\"font-weight: 400;\"> that Bitcoin often sets its monthly high or low within the first week of each month. He said,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThe current move from high to low is also just ~3.6%. There\u2019s a very high likelihood we make a larger move this month.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The analyst added that in past years, months in uptrends often saw a flush lower early in the month, followed by a climb.<\/span><\/p>\n<figure id=\"attachment_407185\" aria-describedby=\"caption-attachment-407185\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-407185\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135.jpeg\" alt=\"Bitcoin price chart\" width=\"1200\" height=\"602\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135.jpeg 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135-300x151.jpeg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135-1024x514.jpeg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135-768x385.jpeg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135-50x25.jpeg 50w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/a><figcaption id=\"caption-attachment-407185\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2><b>Network and Broader Outlook<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As <\/span><i><span style=\"font-weight: 400;\">CryptoPotato<\/span><\/i> <a href=\"https:\/\/cryptopotato.com\/bitcoin-mining-difficulty-hits-all-time-high-of-127-6-trillion\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\">, Bitcoin\u2019s mining difficulty hit a new peak at 127.6 trillion this week as network computing power rose.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Robert Kiyosaki also <\/span><a href=\"https:\/\/cryptopotato.com\/robert-kiyosaki-hopes-bitcoin-drops-to-90k-in-august-heres-why\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">shared<\/span><\/a><span style=\"font-weight: 400;\"> a cautious view, suggesting Bitcoin could fall toward $90,000. He cited the asset\u2019s history of sharp August declines as a reason for the warning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With Bitcoin holding near $114K-$116K, traders are focused on whether it can break through resistance for an all-time high attempt or pull back to retest lower support levels.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/will-bitcoin-hit-119k-or-drop-to-110k-next-key-levels-in-focus\/\">Will Bitcoin Hit $119K or Drop to $110K Next? Key Levels in Focus<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin hovers near $115K, with resistance at $114.8K-$116.8K crucial for new all-time highs. Weekend dip to $111,965 triggered $670 million futures losses, mostly from long positions. Analysts warn a rejection could see Bitcoin retest the $110K-$112K accumulation support zone. Mining difficulty hits 127.6 trillion; historical August patterns suggest potential volatility ahead. Price Movement and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40364","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40364"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40364\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}