Crypto analyst warns that Bitcoin faces a potential bearish
trend after breaking key support levels. While a short-term rebound is
possible, the overall outlook remains cautious, and traders are advised to
manage risk amid volatile market conditions.
BTC Bounces Before Facing Key Resistance
Bitcoin has been undergoing a bearish correction. On the H1
chart, the price bounced several times around 112,700, prompting a brief upward
move, while 114,800 acted as a key resistance level.
The cryptocurrency has since pulled back, with intraday
support continuing to hold. A bearish breakout below this support could drive
the price toward 110,000, whereas a break above 114,800 may push it toward the
next resistance near 116,500.
Bitcoin Faces Bearish Risks, Analyst Warns
Crypto analyst BitcoinHyper on social media warned of a
significant bearish scenario for Bitcoin, despite a recent 10% drop and a brief
bounce from daily support levels.
Bitcoin has broken key weekly and horizontal support levels,
confirming a downtrend across 1-hour, 2-hour, and 4-hour charts. The analyst’s
“ideal scenario” is a short-term rally to around $119,000—a potential short
squeeze that could liquidate traders betting against BTC.
You may find it interesting at FinanceMagnates.com: BTC
Remains Under Trendline; North Wales Police Investigate £2.1M Bitcoin Scam.
Following any bounce, Bitcoin could see a deeper correction
toward $108,000, with a worst-case scenario near $18,000 if a larger rising
wedge pattern develops. Oversold indicators on the Daily RSI and Stochastic
oscillator suggest a temporary rebound, but the overall trend remains bearish.
If lower, this is the best support on Bitcoin.Most will probably get scared: pic.twitter.com/CTZZXLHSXp
— BitcoinHyper (@BitcoinHypers) August 21, 2025
For traders, BitcoinHyper recommends cautious long positions
with tight stop-losses, while preparing to sell into strength. The outlook
aligns with Bitcoin’s historical tendency for slightly negative returns in
September.
Analyst Sees BTC Volatility Amid Leverage
Ryan Lee, Chief Analyst at Bitget, expects Bitcoin
to trade within a range of $112K to $118K, as profit-taking and cautious
market sentiment continue to influence price action. Increased leverage in
futures markets may add volatility, making BTC susceptible to sharp movements.
Lee also highlighted that macroeconomic factors, including
Federal Reserve decisions, could impact price direction. The market currently
reflects a balance between potential rebound opportunities and the risk of
further corrections, shaped by structural demand and elevated speculative
activity.
This article was written by Tareq Sikder at www.financemagnates.com.
