Bitcoin (BTC) has persevered its downward spiral as technical indicators verify bearish momentum for the flagship cryptocurrency. Within the final 24 hours, Bitcoin dropped from an intraday peak of $111,420.48 to the $108,000 vary, leaving merchants questioning how low it would possibly perchance well topple.
Analyst predicts $103K as capability Bitcoin bottom
In accordance with an substitute from Michaël van de Poppe, a illustrious crypto analyst, Bitcoin’s rapid-length of time pattern is at menace of dwell bearish. He believes that the market is in a corrective part and would possibly perchance well carry on the downward direction for a while till the price hits conclude to $103,000.
Van de Poppe considers this stage a imaginable “bottom out” level for BTC. He insisted that the present stages existing weakness and point out that the correction is no longer performed yet. To exit the present part, the analyst illustrious that Bitcoin has to rupture above the $112,000 resistance stage.
It be quite obvious.
Pattern is a shrimp downwards at this level, and #Bitcoin is having a look for to determine up itself valid into a bottom of the correction.
I don’t deem we’re performed yet.
For me, being performed would possibly perchance well well be to rupture above $112K, the stage the market clearly rejected on the day gone by and fell… pic.twitter.com/RzmMuycqjD
— Michaël van de Poppe (@CryptoMichNL) August 30, 2025
This impress stage has confirmed to be main as Bitcoin faced rejection here. It means that sellers are peaceable up to dart, a vogue that would possibly perchance well prevent upward momentum for the asset.
Curiously, a Bitcoin whale reportedly raked in $4 billion in income within the final 48 hours. Such income-taking moves would possibly perchance well stand within the sort of a swiftly rebound, and when it occurs, the momentum would possibly perchance well well be extinct, as highlighted by van de Poppe.
Institutional demand for BTC affords silver lining
As of this writing, the Bitcoin impress used to be trading at $108,576.49, representing a 1.23% decline over the final 24 hours. Interior this timeframe, trading volume has climbed by 11.37% to $72.66 billion, signaling elevated job despite the descend.
This would possibly perchance well be on fable of institutional demand, which VanEck pointed out fair lately. In accordance with the New York-based fully financial giant, many corporations are stacking up on the coin with 638,617 BTC added this twelve months alone.
The figure has already flipped the 2024 total of 120,290 BTC, representing a 5 times receive bigger to this level.
