Bitcoin News Today: Bitcoin dips below $115,000 as Fed policy uncertainty fuels bearish momentum

Bitcoin's price has fallen below a critical support level, drawing attention from traders and analysts who fear further downward pressure. As of early August, the cryptocurrency dipped below $115,000, a key threshold that has historically acted as a psychological and technical anchor [1]. This decline has sparked concerns that the price could continue to retrace toward the $110,000 level if bearish momentum persists [3].

The recent movement has been influenced by uncertainty surrounding the Federal Reserve's potential timeline for rate cuts. With the central bank’s policy decision approaching, market participants are on high alert for any signals that could affect the broader economic environment and, by extension, Bitcoin’s price [3]. Over the past weeks, Bitcoin had shown a relatively stable bias, fluctuating within a narrow range of less than 2% over five trading sessions [2]. However, the recent pullback marked a notable shift in sentiment, with the price extending its downward trajectory for the third consecutive day [3].

According to data from Glassnode, a crucial liquidity zone exists between $114,000 and $115,000 [5]. A breakdown below this range could trigger a near-term retracement, highlighting the fragile balance in which Bitcoin currently finds itself. Traders are closely watching whether the price can hold above $115,000 or continue to slide. This dynamic has become a focal point as the market evaluates whether the recent correction is a short-term fluctuation or the beginning of a more prolonged bearish phase.

U.S. investors have also shown signs of reduced demand, with Bitcoin trading around $118,502 in mid-July before experiencing a slight daily decline [9]. This trend has raised speculation about the potential for a deeper price correction, especially if selling pressure continues to dominate and demand remains weak.

On the flip side, analysts have identified $141,000 as a potential resistance level that could become significant if Bitcoin were to rally [4]. However, for such a scenario to unfold, the cryptocurrency must first stabilize and reclaim key levels above $118,000, which have historically served as support lines [3]. Until then, the focus remains on whether bearish momentum will continue to dominate the near-term outlook.

The broader market environment, including the performance of the U.S. dollar and shifting investor sentiment, continues to influence Bitcoin’s price action. As the Fed prepares for its next policy meeting, traders are bracing for increased volatility, with Bitcoin’s performance likely to be shaped by both macroeconomic developments and internal market dynamics [1]. The coming days and weeks will be critical in determining whether the current bearish trend stabilizes or if further declines are on the horizon.

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[1] AInvest, [https://www.ainvest.com/news/bitcoin-news-today-bitcoin-pressured-fed-delays-rate-cuts-price-drops-115-7k-2508/](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-pressured-fed-delays-rate-cuts-price-drops-115-7k-2508/)

[2] FOREX.com, [https://www.forex.com/ie/news-and-analysis/bitcoin-analysis-the-cryptocurrency-holds-a-neutral-bias-near-all-time-highs/](https://www.forex.com/ie/news-and-analysis/bitcoin-analysis-the-cryptocurrency-holds-a-neutral-bias-near-all-time-highs/)

[3] CryptoDaily, [https://cryptodaily.co.uk/news-in-crypto/bitzo:bitcoin-price-analysis-btc-dips-below-118000-ahead-of-fed-rate-cut-decision](https://cryptodaily.co.uk/news-in-crypto/bitzo:bitcoin-price-analysis-btc-dips-below-118000-ahead-of-fed-rate-cut-decision)

[4] Mitrade, [https://www.mitrade.com/insights/news/live-news/article-3-999346-20250731](https://www.mitrade.com/insights/news/live-news/article-3-999346-20250731)

[5] CryptoPotato, [https://cryptopotato.com/bitcoin-btc-bulls-eye-141k-but-this-key-range-must-break-first/](https://cryptopotato.com/bitcoin-btc-bulls-eye-141k-but-this-key-range-must-break-first/)

[9] Mitrade, [https://www.mitrade.com/insights/news/live-news/article-3-995115-20250730](https://www.mitrade.com/insights/news/live-news/article-3-995115-20250730)