Bitcoin Technical Analysis – August 26, 2025

Bitcoin is currently trading at $110,013, continuing its decline after failing to reclaim the $120K resistance earlier this month. Compared to earlier updates, where we highlighted $120K as the “make-or-break” level, BTC has now clearly moved into a correction phase.

What Has Happened Since Earlier Posts

• On August 10, BTC was around $117,967, testing $120K resistance. The outlook was bullish if that level broke.
• On August 12, BTC was still hovering near $119K, consolidating just under resistance.
• By August 19, BTC had slipped to $113K, with $112K noted as the critical support.
• Now, that $112K support has been broken, and BTC is testing deeper levels around $110K.

This confirms the bearish scenario we previously outlined.

Chart Overview

• Trend: The strong uptrend from April through July has given way to a correction. The series of lower highs and lower lows in August confirms bearish momentum.
• Resistance: $116K–$118K is now overhead resistance, with $120K still the major ceiling.
• Support:
  • Immediate support: $110K (currently being tested).
  • Stronger support: $108K–$106K zone.

Key Observations

• Volume has picked up on recent red candles, showing that sellers remain in control.
• If $110K breaks decisively, we could see BTC test the $108K–$106K area in the short term.
• Bulls need to defend this region strongly to avoid a steeper correction toward $100K.

What to Expect

• Bullish Scenario: If BTC holds $110K and reclaims $112K–$116K, it could stabilize and prepare for another attempt at $120K.
• Bearish Scenario: A close below $110K would likely accelerate selling, dragging BTC toward $108K, $106K, and possibly even $104K.

📊 Outlook: Bitcoin has shifted from consolidation into correction mode. The big picture remains bullish compared to early 2025 levels, but in the short term, caution is needed. The $110K line is critical — lose it, and we’re likely heading lower before the next rally attempt.

Do you think this is just a healthy dip before the next leg up, or the start of a deeper correction?