Bitcoin News Today: Bitcoin Dips 2% Below $116,000 as $115,000 Support Looms Critical

Bitcoin faces heightened scrutiny as it approaches the $115,000 support level, a critical threshold that could determine the trajectory of its current price action. On July 25, 2025, the cryptocurrency dipped below $116,000, stabilizing at $115,500 after a 2% decline over 24 hours. This pullback, part of a broader 6% correction from recent highs above $120,000, has sparked concerns about the sustainability of its bullish momentum. Analysts are closely monitoring the $115,000–$110,530 support zone, where a successful rebound could reinforce buying interest and potentially drive prices toward $135,729 if resistance at $123,218 is breached. Conversely, a sustained drop below $110,530 risks triggering accelerated selling and a deeper correction toward the $100,000 level, which could signal a broader market reallocation away from Bitcoin [1].

The shift in investor sentiment is evident in the capital flows favoring Ether (ETH). Spot ETH ETFs have attracted robust inflows, with Farside Investors reporting $2.4 billion in net inflows over six trading days—significantly outpacing Bitcoin’s $827 million. This rotation reflects growing confidence in Ethereum’s near-term prospects, bolstered by institutional adoption and network upgrades. Galaxy Digital CEO Michael Novogratz highlighted ETH’s potential to outperform Bitcoin within six months, emphasizing a key resistance level at $4,000 [2]. Meanwhile, BitMEX co-founder Arthur Hayes has forecasted a possible surge to $10,000 for ETH by year-end, underscoring the token’s appeal to both retail and institutional investors.

Technical indicators paint a mixed but cautiously optimistic picture for the broader crypto market. While Bitcoin consolidates near its 20-day simple moving average (SMA) at $116,305, other major altcoins are navigating critical junctures. XRP faces resistance near $3.66, with the 20-day SMA at $2.96 serving as a pivotal support level. A rebound here could propel the asset toward $4.50, while a breakdown might trigger deeper corrections. Similarly, BNB’s recent all-time high of $809 has been followed by a mild pullback, with support between $761 and $732. A breakout above $809 could see it target $900, but a drop below the 20-day SMA at $714 may indicate a bull trap [3]. Solana (SOL) and Dogecoin (DOGE) are also at key resistance and support levels, with their 20-day SMAs at $171 and $0.21, respectively, acting as critical junctures for future price direction.

Market sentiment is further complicated by diverging analyst views. While some argue Bitcoin’s resilience on macrocharts suggests a potential rebound if it holds above $115,000, others caution that macroeconomic uncertainties—such as regulatory shifts or interest rate fluctuations—could prolong the downturn. AMBCrypto notes that Bitcoin’s current range between $116,000 and $119,000 reflects indecision, with a short-term decline expected before any meaningful upward move. Conversely, the Long-Term Power Law chart from Alphractal suggests sustained bullish momentum hinges on a breakout above $122,000; failure to do so could extend the consolidation phase [4].

On-chain data adds nuance to the outlook. Liquidity clusters near $116,000 could either absorb downward pressure or accelerate a sell-off. Deriv’s analysis highlights that a surge to $122,000 was accompanied by short squeeze speculation, though the sustainability of such gains remains uncertain. FXEmpire’s Bitcoin Investor Price Model forecasts a potential rise to $139,000 if key levels hold but warns of a correction if they fail [5].

Investors are advised to monitor volume dynamics and institutional activity as Bitcoin approaches these critical junctures. A breakout above $122,000 without sufficient volume may lack traction, while a decisive close above this level could attract algorithmic buying. Conversely, a retest of $115,000 or lower may reignite selling pressure, particularly if broader macroeconomic conditions deteriorate. The evolving interplay between Bitcoin’s support levels, Ether’s ETF-driven inflows, and altcoin technical setups will likely shape the near-term market landscape.

Source:

[1] [Bitcoin Eyes $122K – But BTC’s Price Could Drop to THIS Level First](https://ambcrypto.com/bitcoin-eyes-122k-but-btcs-price-could-drop-to-this-level-first/)

[2] [Bitcoin Stabilizes at $115500 Amid 2% Drop, Altcoin Liquidations Hit $967M as Market Rotates](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-stabilizes-115500-2-drop-altcoin-liquidations-hit-967m-market-rotates-2507/)

[3] [BTC Dives Below $115K, $140M in Longs Liquidated](https://cryptoadventure.com/bitcoin-whiplash-btc-dives-below-115k-140m-in-longs-liquidated/)

[4] [Bitcoin News Today: Bitcoin's $122K Threshold in Focus as ...](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-122k-threshold-focus-analysts-warn-key-breakout-decline-2507/)

[5] [Bitcoin Price Forecasts](https://www.fxempire.com/crypto/bitcoin/news)