Bitcoin’s rollercoaster ride continues as the world’s leading cryptocurrency finds itself at a crossroads. As of today, August 30, 2025, Bitcoin’s value teeters just below the critical $110,000 mark, with analysts predicting potential turmoil ahead if key support levels aren’t maintained. The crypto community is buzzing with speculation: could Bitcoin plummet to $94,000, or is there hope for another rally?
Cracks in the Foundation?
Bitcoin recently lost its grip on the $110,000 support—a level it had held for nearly two months. Dipping below this threshold, the cryptocurrency hit a sobering eight-week low of $107,900. This stumble has left investors on edge, pondering the fate of Bitcoin’s short-term rally. Crypto analyst Ali Martinez suggests that the market is showing signs of exhaustion. According to him, Bitcoin Dominance is displaying “cracks” after bearing the brunt of the bull market momentum. As explored in our recent coverage of the Bitcoin bull market cycle, analysts are weighing in on whether this could signal an end to the current cycle.
In Martinez’s view, the current price action echoes the patterns seen in 2021, just before the cryptocurrency market turned bearish. Back then, Bitcoin soared to $60,000, before retracing, rallying to $70,000, and ultimately succumbing to a bearish divergence against the Relative Strength Index (RSI). Fast forward to 2025, and Bitcoin is once again making higher highs while the RSI shows lower lows—a setup that could be foreboding.
Adding to the concerns, Martinez points to the MACD indicator, which recently turned bearish. This crossover aligns ominously with the recent price drop, reinforcing downside risks. The death cross in the Bitcoin MVRV Momentum indicator—historically a harbinger of cyclical tops—further suggests a potential macro momentum reversal.
The $108,700 Conundrum
The $108,700 support level is now the focal point for Bitcoin’s short-term trajectory. A weekly close below this critical zone could spell trouble, reminiscent of 2021 when Bitcoin lost its local range above $58,000. A failure to hold could lead to a retest of support levels at $104,500 and $97,000, with a potential dip to the macro range’s mid-zone around $94,000.
On the other hand, Altcoin Sherpa offers a glimmer of hope. He believes Bitcoin should find robust support between $103,000 and $108,000—thanks to the 200-day Exponential Moving Average (EMA) around the $104,000 mark. This could act as a safety net, providing some much-needed stability.
Yet, others remain cautious. Analyst Ted Pillows sees $124,000 as the local top and anticipates a bottom forming after a retest of the weekly 60 EMA, which hovers around the $92,000 support zone. “If Bitcoin can weather this storm, we might see a reversal in 3-4 weeks and potentially a new all-time high by November or December,” he speculates.
A Market on Edge
As Bitcoin trades at $107,947—a 7.5% decline over the week—the crypto market is a mix of apprehension and anticipation. While some analysts warn of potential corrections, others see opportunities for a rebound. The current landscape raises questions about Bitcoin’s resilience and the broader market’s trajectory. This sentiment echoes recent events where Bitcoin tumbled back below $110K, highlighting the volatility and challenges faced by the cryptocurrency.
The coming months will be pivotal. Will Bitcoin manage to hold its ground, or are we on the brink of a deeper correction? Investors are watching closely, weighing their options as the market navigates this turbulent phase. And so, the debate continues—underscoring the inherent volatility and unpredictability of the crypto world.
Source
This article is based on: Is The Bitcoin Rally Over? Analyst Forecasts Drop To $94,000 If This Level Doesn’t Hold
Further Reading
Deepen your understanding with these related articles:
- Bitcoin traders say BTC price at ‘make-or-break’ point at $110K
- Is $105,000 The Bitcoin Bull Run Killer Or Just Noise? Top Analyst Explains
- Bitcoin’s Short-Term Fate Hinges On $112,000 Realized Price Level – Details
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
