Bitcoin (BTC) continues its downward spiral as technical signals confirm the bearish momentum of flagship cryptocurrency. Over the past 24 hours, Bitcoin fell from its daytime peak to $111,420.48 to $108,000 range, with investors wondering how low it would be.
Analysts predict $103,000 for potential Bitcoin bottom
According to update From well-known crypto analyst Michael Van de Poppe, the short-term trend in Bitcoin may remain bearish. He believes the market is in the corrective stage and may remain Downward road It’ll take a while until the price reaches nearly $103,000.
van de Poppe considers this level as a “bottom-out” point for BTC. He argued that the current level indicates weakness, indicating that the correction is not finished yet. To end the current phase, analysts pointed out that Bitcoin needs to exceed the $112,000 resistance level.
That’s pretty clear.
The trend is slightly downward at this point, with #bitcoin approaching the bottom of the fix.
I don’t think we’re finished yet.
For me, it can go above $112K at a level that was clearly rejected yesterday.
-Michaël Vande Poppe (@cryptomichnl) August 30, 2025
This price level has proven important as Bitcoin faces a denial here. It shows that the seller is still under control. This is a development that can prevent the asset’s upward momentum.
Interestingly, Bitcoin Zilla reportedly has raised $4 billion in profits within the last 48 hours. Such profitable moves can get in the way of a quick rebound, and when that happens, the momentum is weaker, as emphasised by Van de Poppe.
Institutional demand for BTC provides silver lining
At the time of writing, Bitcoin was priced trading It was $108,576.49, representing a 1.23% decline over the past 24 hours. Within this timeframe, trading volume rose 11.37% to $72.666 billion, with activity rising despite a surge.
This could be the result of the institutional demands that Vanek recently pointed out. According to a financial giant based in New York, many Companies are stacked This year alone, 638,617 BTC added on top of coins.
This figure has already reversed the total of 120,290 BTC for 2024, representing a five-fold increase so far.
