Bitcoin (BTC) Price Prediction: Bitcoin Risks Breaking $110K Support as Technicals Signal Further Downside

Bitcoin (BTC) is facing mounting pressure after a sharp sell-off, with the $110,000 support zone emerging as a critical pivot.

Traders are closely monitoring technical indicators to gauge whether BTC can stabilize or extend its correction.

Following weeks of bullish momentum, the Bitcoin price today has softened, retreating from recent highs near $124,000. Analysts attribute the weakness to a combination of large whale liquidations, institutional outflows, and thinning trading volume. The current market dynamic has left Bitcoin teetering near key technical support, raising the possibility of further downside in the near term.

Market Overview: Bitcoin Technical Analysis

Technical charts show that BTC has broken below its multi-month rising trendline, with the daily close dipping under the $112,000–$113,000 support band. Price is now testing the $109,500–$110,500 range, which aligns with prior demand zones. A sustained close below $110,000 would confirm a deeper retracement toward $108,000, potentially exposing the $100,000 psychological level.

Bitcoin is showing early signs of weakness as a rising wedge breaks down, completing an Elliott Wave impulse and signaling a potential ABC corrective decline. Source: Xanrox on TradingView

Recent whale activity has added significant selling pressure. A single large wallet offloaded 24,000 BTC valued at over $2.7 billion, resulting in $930 million in total crypto market liquidations. Spot inflows have also turned negative, with $44 million in outflows recorded on August 26, suggesting cautious positioning by traders.

Momentum indicators highlight this bearish bias:

• The daily RSI sits at 40, near a three-month low, reflecting weakening momentum without yet reaching oversold conditions.
• MACD shows negative momentum, and Bollinger Bands on the 4H chart indicate persistent selling pressure near the lower band.
• The EMA cluster (20/50/100/200) now serves as overhead resistance between $112,300–$115,300, capping any upside attempts.

Trend and News Factors: Whale Activity and Market Catalysts

Bitcoin whales and institutional investors are shaping near-term price action. Data from Lookonchain shows the Bitcoin OG wallet sold 22,769 BTC (~$2.59 billion) for Ethereum over the past week, contributing to market pressure. At the same time, spot Bitcoin ETFs saw $1.17 billion in weekly withdrawals, the biggest weekly withdrawal since March 2025.

A long-term Bitcoin OG is selling off roughly 22,769 BTC (~$2.59B) for Ethereum, including spot purchases and leveraged positions totaling over $2.7B. Source: Lookonchain via X

Despite these tailwinds, there are some positive indications. Japanese investment firm Metaplanet added 103 BTC to its holdings, bringing them to 18,991 BTC, showing continued adoption and confidence. Additionally, the 30-day MVRV rate is at -3.37%, which falls short of historical reversal points, meaning that Bitcoin can be undervalued on average and well-positioned to rebound if buying interest returns.

Bitcoin (BTC) was trading at around $110,3067, down 1% in the last 24 hours at press time. Source: Bitcoin Liquid Index (BLX) via Brave New Coin

Short-Term Outlook and Conclusion

Support near-term is at $109,500, then $108,000, and resistance near the 100-day EMA at $110,865 and higher again at $112,300–$115,300. A clean break below $108,000 could risk exposing the $100,000 level, or a solid reversal above $112,300 could see a retest of $116,000.

Bitcoin is retreating after a rebound and is now trading near a key support zone around $111,980–$105,820, aligned with the potential reversal and cumulative long liquidation areas. Source: pejman_zwin on TradingView

In total, the Bitcoin price prediction 2025 is cautious. Technical vulnerability, whale selling, and ETF redemptions suggest that BTC is vulnerable, but institutional buying and halving-induced hope provide a potential cushion. Traders have to closely monitor $110,000 support as the pivot for the next trajectory for BTC and account for both short-term risk and long-term outlook.