TL;DR<\/p>\n
Bitcoin\u2019s RSI shows weakening momentum despite previous price gains, raising concerns about trend strength.<\/span> 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 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 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>corrections<\/span><\/a>.<\/span><\/p>\n 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 MVRV Pricing Bands point to $112,800, $91,400, and $70,000 as the next big support levels for Bitcoin $BTC<\/a>. pic.twitter.com\/oWnwFEnAZ7<\/a><\/p>\n \u2014 Ali (@ali_charts) August 20, 2025<\/a><\/p>\n\n 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 In a post on X, Ali <\/span>wrote<\/span><\/a>,\u00a0<\/span><\/p>\n \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 This suggests momentum may be fading, even if the price is near recent highs.<\/span><\/p>\n <\/a>Source: X<\/p>\n Another market watcher, Captain Faibik, <\/span>pointed<\/span><\/a> 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 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 As <\/span>CryptoPotato<\/span> reported<\/span><\/a>, 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 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 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 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 The post Here Are Bitcoin\u2019s Biggest Support Levels Ahead: Will BTC Drop to $70K?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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, […]<\/p>\n","protected":false},"author":0,"featured_media":89905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89904","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\/89904"}],"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=89904"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89905"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMVRV model outlines critical support at $112K, $91K, and $70K amid recent pullback.<\/span>
\nFirst-time buyers added 50K BTC during the dip, suggesting quiet accumulation despite bearish signals.<\/span><\/p>\nBitcoin Price and Market Movement<\/h2>\n
RSI Divergence and Trend Shift Signs<\/h2>\n
Buyer Activity and Accumulation<\/h2>\n
![<\/a>Source: X<\/p>\nAnother market watcher, Captain Faibik, <\/span>pointed<\/span><\/a> 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>\nHe 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>\nBuyer Activity and Accumulation<\/h2>\nAs <\/span>CryptoPotato<\/span> reported<\/span><\/a>, 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>\nWhile 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>\nMeanwhile, 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>\nRight 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>\nThe post Here Are Bitcoin\u2019s Biggest Support Levels Ahead: Will BTC Drop to $70K?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"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, […]<\/p>\n","protected":false},"author":0,"featured_media":89905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89904","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\/89904"}],"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=89904"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89905"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/GyuiuVrWEAA5BnH.jpeg\"){kind=link}