{"id":43162,"date":"2025-08-20T13:16:55","date_gmt":"2025-08-20T13:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43162"},"modified":"2025-08-20T13:16:55","modified_gmt":"2025-08-20T13:16:55","slug":"here-are-bitcoins-biggest-support-levels-ahead-will-btc-drop-to-70k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43162","title":{"rendered":"Here Are Bitcoin\u2019s Biggest Support Levels Ahead: Will BTC Drop to $70K?"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bitcoin\u2019s RSI shows weakening momentum despite previous price gains, raising concerns about trend strength.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">MVRV model outlines critical support at $112K, $91K, and $70K amid recent pullback.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">First-time buyers added 50K BTC during the dip, suggesting quiet accumulation despite bearish signals.<\/span><\/li>\n<\/ul>\n<h2><b>Bitcoin Price and Market Movement<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin was trading below $114,000 at press time, down 5% over the past week. After reaching a 24-hour peak of $117,000, the price has pulled back slightly as the market enters a period of consolidation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst Ali Martinez shared an update on Bitcoin\u2019s support levels based on MVRV Pricing Bands, which measure how far the current price deviates from the average cost basis of holders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on this model, the next major support levels are at $112,800, $91,400, and $70,000. These are levels where Bitcoin has historically found strong demand during <\/span><a href=\"https:\/\/cryptopotato.com\/btc-price-alert-sideways-now-painful-correction-coming-in-september\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">corrections<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of analysis, Bitcoin was trading between the +0.5\u03c3 band ($112,830) and the +1.0\u03c3 band ($134,250). This range is often seen during elevated but stable conditions in the market.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">MVRV Pricing Bands point to $112,800, $91,400, and $70,000 as the next big support levels for Bitcoin <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a>. <a href=\"https:\/\/t.co\/oWnwFEnAZ7\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/oWnwFEnAZ7<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1958037278401364125?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><b>RSI Divergence and Trend Shift Signs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On the technical side, Martinez noted a pattern forming on the weekly RSI. While the price has continued to rise, the RSI has been making lower highs since March 2024. This is known as a divergence and often appears when buying strength does not match price gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a post on X, Ali <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1957925290069426230\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">wrote<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cSince March last year, Bitcoin $BTC weekly RSI has been making lower highs\u2026 I wonder what will happen next.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This suggests momentum may be fading, even if the price is near recent highs.<\/span><\/p>\n<figure id=\"attachment_409284\" aria-describedby=\"caption-attachment-409284\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409284\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH.jpeg\" alt=\"BTC price chart\" width=\"1200\" height=\"836\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH.jpeg 1200w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH-300x209.jpeg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH-1024x713.jpeg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH-768x535.jpeg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH-50x35.jpeg 50w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"><\/a><figcaption id=\"caption-attachment-409284\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Another market watcher, Captain Faibik, <\/span><a href=\"https:\/\/x.com\/CryptoFaibik\/status\/1958031390907462154\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">pointed<\/span><\/a><span style=\"font-weight: 400;\"> to a rising wedge breakdown and added that the daily candle closed below the EMA50, which is near $114,900. He stated that \u201cBitcoin is now very close to the $111,880 support level. If bulls fail to defend it, the next target will likely be around 108k.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also added that holding above $112,000 could allow for a possible recovery and retest of the moving average. The current setup suggests that sellers are still in control, unless a bounce occurs soon.<\/span><\/p>\n<h2><b>Buyer Activity and Accumulation<\/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\/heres-how-bitcoin-investor-cohorts-are-navigating-this-consolidation-phase\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\">, over the last five days, wallets tagged as \u201cFirst Buyers\u201d have added roughly 50,000 BTC, raising their total holdings from 4.88 million to 4.93 million BTC. This shows some new interest entering the market, even as prices have pulled back.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Bitcoin has lost ground in the short term, this kind of steady accumulation could offer some stability. It\u2019s not a guarantee, but it\u2019s a sign that some investors are still buying when prices dip.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the key level to watch now is $112,000. If that floor gives way, prices could start moving toward the next zones around $91,400 and $70,000. These levels have seen heavy buying in the past and may do so again.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Right now, Bitcoin is still trading just above the first support band. If it stays there, it could open the door for a bounce. If not, traders will likely look lower on the chart for the next move.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/here-are-bitcoins-biggest-support-levels-ahead-will-btc-drop-to-70k\/\">Here Are Bitcoin\u2019s Biggest Support Levels Ahead: Will BTC Drop to $70K?<\/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\u2019s RSI shows weakening momentum despite previous price gains, raising concerns about trend strength. MVRV model outlines critical support at $112K, $91K, and $70K amid recent pullback. First-time buyers added 50K BTC during the dip, suggesting quiet accumulation despite bearish signals. Bitcoin Price and Market Movement Bitcoin was trading below $114,000 at press time, [&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-43162","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\/43162","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=43162"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43162\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}