Will Bitcoin then $ 119k or fall to $ 110k? Main levels in Focus

Tl; Dr.

• Bitcoin is floating near $ 115k, with resistance at $ 114.8k- $ 116.8k crucial for new all-time highlights.
• Weekend Dip to $ 111,965 caused $ 670 million losses losing, usually from long positions.
• Analysts warn that a rejection Bitcoin would have the $ 110k $ 112k accumulation support zone tested again.
• Mining difficulty is 127.6 trillion; Historical Augustus patterns suggest potential volatility ahead.

Price movement and market reaction

Bitcoin (BTC) traded on Monday to $ 115,000 after withdrawing a weekend dip to around $ 111,965. The drop followed the US baneng data on Friday, which fueled concern about the recession in the United States. In the last 24 hours, the cryptocurrency registered a trade volume of $ 29 billion.

Data from Coinglass showed that the sudden decline led to around $ 670 million in losses of eternal futures positions, with long positions good for more than $ 550 million. Despite the slight profit of 1% in the last 24 hours, Bitcoin will continue to fall by 3% for the week.

Crucial resistance levels at $ 114.8k and $ 116.8k

Analyst Michaël van de Poppe Said,

“Bitcoin is doing great. It is back to the first crucial resistance zone and the green light for a new ATH. Breaking this area is not a guarantee for a new ATH, but a good first step.”

He pointed to $ 114.8k as the first level to erase and $ 116.8k second. A movement above these zones can set $ 119.5k focus for an all -time high test.

#Bitcoin It’s going great.

It is back to the first crucial resistance zone and green light for a new Ath.

Breaking this area is not a guarantee for a new ATH, but a good first step.

Rejection here?

Yes, that would mean that we test the area around $ 110-112K again.

There … pic.twitter.com/D3PPBGU9GP

– Michaël van de Poppe (@Cryptomichnl) August 4, 2025

He also warned that a failure to break above the current zone could send the price back to the range of $ 110k – $ 112k. This area is seen by many traders as a strong support zone where buyers can intervene before an attempt at a larger rally.

Market structure and price slats

Ted noted”

“$ BTC now has a CME gorge between $ 113.5k $ 114k. Most of these CME holes are filled, so expect a dip under $ 114k.”

This leaves room for a small withdrawal for a push higher.

Daan Crypto Trades observed That Bitcoin often sets its monthly high or low in the first week of each month. He said,

“The current switch from high to low is also only ~ 3.6%. There is a very high chance that we will make a larger move this month.”

The analyst added that months in Uptrends often saw a flush lower early in the month, followed by a climb.

Network and wider prospects

When Cryptopotato reportedBitcoin’s mining difficulty achieved a new peak this week at 127.6 trillion as network computer tackling increased.

Robert Kiyosaki too shared A careful picture that suggests that Bitcoin could fall to $ 90,000. He mentioned the history of the active Augustus decrease as a reason for the warning.

With Bitcoin near $ 114k $ 116k, traders are aimed at whether the resistance can break through for a high attempt all time or withdraws to re-test a lower support levels.