The Bitcoin worth has rebounded as soon as once more after initially testing the waters with a crash to $112,000. This was spurred by profit-taking because the digital asset had risen to ranges not seen earlier than again in July 2025. However, this restoration doesn’t imply that Bitcoin is totally out of the water, particularly given the truth that it has retraced to a stage that might be thought-about bearish at this level.
Bearish FVG Could Send Bitcoin Price Crashing
In an evaluation, crypto analyst Kamran Asghar revealed that the Bitcoin retrace might solely be short-term and short-lived because it has moved again right into a bearish Fair Value Gap (FVG). This comes after a small bounce from $112,000 towards $115,000, with this bearish FVG mendacity between $114,000 and $115,500.
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This honest worth hole had been created following the worth crash from $118,000, suggesting that the Bitcoin worth can be trying to fill it once more. Additionally, this stage acts as a main provide zone, that means that bulls must flip up the shopping for if the Bitcoin worth is to cross this stage with out problem.
Given the truth that the bearish FVG and the availability zone are driving forward of the cryptocurrency, it reveals that there’s quite a lot of resistance constructing at this stage. Kamran means that the following transfer after hitting this provide zone can be a rejection from this stage, resulting in an extra beating down of the worth.
How Low Could BTC Go?
In the occasion of a tough rejection, the crypto analyst sees the Bitcoin worth tumbling additional downward into mid-July ranges between $107,500 and $109,000. This would imply one other 5% crash for the Bitcoin worth earlier than it is ready to discover help.
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The silver lining of this doable crash is the truth that Bitcoin has main help at this stage. Thus, Bitcoin bulls might stage a rebound utilizing this stage as the following lift-off level for a restoration. Due to this, the crypto analyst warns traders to keep watch over the digital asset to see the way it reacts at this stage.
Interestingly, right now, the Bitcoin funding charge remains to be optimistic, Coinglass reveals. What this implies is that merchants imagine that the digital asset remains to be in a bull market, and extra traders are betting on the worth persevering with to rise from right here. However, the optimistic funding charge has seen some decline within the month of August, suggesting a slowdown amongst bulls.
Featured picture from Dall.E, chart from TradingView.com
