TL;DR<\/p>\n
Bitcoin hovers near $115K, with resistance at $114.8K-$116.8K crucial for new all-time highs.<\/span> 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 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 Analyst Micha\u00ebl van de Poppe said,\u00a0<\/span><\/p>\n \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 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 #Bitcoin<\/a> is doing great.<\/p>\n It\u2019s back up to the first crucial resistance zone and green light for a new ATH.<\/p>\n Breaking through this area isn\u2019t a guarantee of a new ATH, but a good first step.<\/p>\n Rejection here?<\/p>\n Yes, that would mean we\u2019re retesting the area around $110-112K.<\/p>\n There\u2026 pic.twitter.com\/d3PpbgU9gp<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) August 4, 2025<\/a><\/p>\n\n He also warned that a failure to break above the current zone could send the price back toward the $110K\u2013$112K range. This area is seen by many traders as a strong support zone where buyers may step in before any attempt at a larger rally.<\/span><\/p>\n Ted <\/span>noted<\/span><\/a>,\u00a0<\/span><\/p>\n \u201c$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 This leaves room for a small pullback before any push higher.<\/span><\/p>\n Daan Crypto Trades <\/span>observed<\/span><\/a> that Bitcoin often sets its monthly high or low within the first week of each month. He said,\u00a0<\/span><\/p>\n \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 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 <\/a>Source: X<\/p>\n As <\/span>CryptoPotato<\/span> reported<\/span><\/a>, Bitcoin\u2019s mining difficulty hit a new peak at 127.6 trillion this week as network computing power rose.\u00a0<\/span><\/p>\n Robert Kiyosaki also <\/span>shared<\/span><\/a> 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 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 The post Will Bitcoin Hit $119K or Drop to $110K Next? Key Levels in Focus<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":0,"featured_media":86234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86233"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86233"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86234"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nWeekend dip to $111,965 triggered $670 million futures losses, mostly from long positions.<\/span>
\nAnalysts warn a rejection could see Bitcoin retest the $110K-$112K accumulation support zone.<\/span>
\nMining difficulty hits 127.6 trillion; historical August patterns suggest potential volatility ahead.<\/span><\/p>\nPrice Movement and Market Reaction<\/h2>\n
Crucial Resistance Levels at $114.8K and $116.8K<\/h2>\n
Market Structure and Price Gaps<\/h2>\n
Network and Broader Outlook<\/h2>\n
![<\/a>Source: X<\/p>\nNetwork and Broader Outlook<\/h2>\nAs <\/span>CryptoPotato<\/span> reported<\/span><\/a>, Bitcoin\u2019s mining difficulty hit a new peak at 127.6 trillion this week as network computing power rose.\u00a0<\/span><\/p>\nRobert Kiyosaki also <\/span>shared<\/span><\/a> 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>\nWith 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>\nThe post Will Bitcoin Hit $119K or Drop to $110K Next? Key Levels in Focus<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"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 […]<\/p>\n","protected":false},"author":0,"featured_media":86234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86233"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86233"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86234"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Gxc3ULDWEAAu135.jpeg\"){kind=link}