Bitcoin News Today: Bitcoin Falls 2.88% Below $114K as Bearish Momentum Intensifies

Bitcoin appears to be entering another historically bearish period as it faces downward pressure in early August 2025. The cryptocurrency has fallen below the critical $114,000 support level, reigniting concerns among traders about a deeper correction. Recent data shows increased exchange inflows and bearish momentum signals, suggesting a weakening in market sentiment and a potential continuation of the current downward trend [1].

Key support levels currently under scrutiny include $112,043 and $110,065, with the 50-period simple moving average (SMA) at $116,852 acting as a potential resistance barrier if the price stabilizes. Whale activity and technical indicators reinforce the bearish stance, with many investors shifting funds into centralized exchanges such as Binance, a sign of growing caution and potential further price adjustments [2][3].

The broader macroeconomic environment has also played a role in Bitcoin’s decline. Rising geopolitical tensions and weak economic data, including disappointing U.S. jobs figures, have led to a risk-off sentiment that has affected Bitcoin and other asset classes. This combination of factors has pushed the price to a critical support level amid heightened uncertainty [4]. On August 2, 2025, Bitcoin traded near $112,934 after a 2.88% drop for the day, highlighting the intensity of the recent downturn [5].

Historical trends indicate that the current conditions could lead to sustained pressure in August. Since 2013, Bitcoin has experienced price declines in eight out of twelve Augusts, with an average loss of 11.4%. If this pattern holds, the price could fall toward the $105,000 level or even the 200-day moving average at $99,355 if the key support of $110,000–$112,000 fails to hold [6][7]. Analysts like IG Markets’ Tony Sycamore emphasize that macroeconomic factors and risk sentiment will be key determinants of Bitcoin’s near-term performance, with further corrections likely if risk appetite weakens [8].

While the broader crypto ecosystem shows signs of innovation—with Layer 2 solutions like Base surpassing networks like Solana in daily token launches—this has not yet translated into strong support for Bitcoin’s price [9]. Instead, the market remains focused on technical levels and macroeconomic indicators as it navigates this volatile phase.

As the week of August 4–8, 2025, progresses, traders and analysts remain on high alert. The technical outlook for Bitcoin suggests a downward bias, with key levels likely to define the next phase of price action. Investors are advised to closely monitor inflows, on-chain activity, and macroeconomic developments for potential turning points [1].

Source: [1] Bitcoin Tumbles Under $114K While Trump Media's Bold... (https://bravenewcoin.com/insights/bitcoin-btc-price-today-bitcoin-tumbles-under-114k-while-trump-medias-bold-btc-bet-fuels-market-speculation)

[2] Bitcoin Price Analysis: BTC Tests $114K Support as Bears... (https://blockchain.news/news/20250804-bitcoin-price-analysis-btc-tests-114k-support-as-bears-take)

[3] Bitcoin Inflows To Binance Accelerate: Investor Behavior... (https://www.mitrade.com/insights/news/live-news/article-3-1007786-20250803)

[4] Bitcoin Falls Below $114K as Geopolitical Tensions and... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-114k-geopolitical-tensions-chain-data-signal-deeper-correction-risk-2508/)

[5] Bitcoin News Today: Bitcoin Near $112934 as Traders... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-112-934-traders-watch-bollinger-bands-bullish-expansion-2508/)

[6] Forex & Cryptocurrency Forecast August 4–8 2025 - NordFX (https://persian-nordfx.com/en/market-news/forex-and-cryptocurrency-forecast-for-august-4-8-2025)

[7] Bitcoin Price Retreats Below $114K as Whale Inflows and... (https://www.tradingnews.com/news/bitcoin-price-retreats-below-114k-usd-as-whale-inflows-and-technical-below-intensify)

[8] Bitcoin May Face Continued August Pressure Amid Key Support Levels and Historical Trends (https://en.coinotag.com/bitcoin-may-face-continued-august-pressure-amid-key-support-levels-and-historical-trends/)

[9] Base Surpasses Solana in Daily Token Launches (https://m.economictimes.com/crypto-news-today-live-03-aug-2025/liveblog/123068092.cms)