Bitcoin News Today: Bitcoin Falls 3.39% as Failed Resistance Pushes Price Below $115,000 Support

Bitcoin fell below $115,000 on July 25, marking a 3.39% decline over the past 24 hours, according to market tracking data [1]. This downturn followed a failed attempt to break past the $121,000 resistance level earlier in the week, as noted in a report from Decrypt [1]. The price pullback to $117,000 on July 23 signaled growing pressure on the cryptocurrency, with bulls now facing a critical test of whether the $115,000 support level can hold. Analysts have highlighted that a sustained drop below this threshold could trigger further bearish momentum, potentially pushing Bitcoin toward key psychological levels below $110,000 [1].

The decline occurred amid mixed signals in broader market sentiment, with investors recalibrating positions after recent volatility. While the 24-hour drop to $115,000 reflects a sharp correction, the cryptocurrency’s 7-day trajectory remains relatively stable, indicating that the selloff may not yet represent a structural shift in market dynamics [1]. However, technical indicators show weakening momentum, with the RSI and MACD diverging from price action—a classic sign of potential further downside. Traders are closely watching whether the $115,000 level acts as a catalyst for a rebound or accelerates the downward trend [1].

The pullback also coincides with a broader underperformance in the crypto market, as evidenced by the 8.37% drop in XRP over the same period [1]. This suggests that risk-off sentiment is spreading across digital asset classes, driven by macroeconomic concerns and regulatory uncertainties. While Bitcoin remains the dominant asset in terms of market capitalization, its recent volatility underscores the sector’s susceptibility to external shocks, such as shifting U.S. monetary policy expectations or geopolitical risks [1].

For context, Bitcoin’s price action in July has been characterized by a tug-of-war between bullish and bearish forces. A failed breakout above $121,000 in mid-July created a short-term overbought condition, prompting profit-taking and triggering a correction. The subsequent decline below $115,000 has reignited debates about the cryptocurrency’s long-term trajectory. Some observers argue that the drop could be a buying opportunity for institutional investors, while others caution that the market is still in a consolidation phase ahead of the next major move [1].

The 3.39% 24-hour decline is one of the largest single-day drops in recent weeks, highlighting the heightened sensitivity of crypto markets to liquidity conditions and algorithmic trading activity. Short-term traders are now pivoting to defensive strategies, with increased activity in Bitcoin options and futures markets as hedging tools. Meanwhile, retail investors are reportedly rotating capital into alternative assets, including gold and U.S. Treasury bonds, as a response to the selloff [1].

In summary, Bitcoin’s drop below $115,000 on July 25 underscores the fragility of the current price structure and the challenges facing the market amid a backdrop of macroeconomic uncertainty. While the 24-hour decline is significant, the cryptocurrency’s ability to retest key support levels will be critical in determining the next phase of its price action. Investors are advised to monitor volume patterns and on-chain metrics for early signals of a potential reversal or further deterioration in sentiment [1].

Source: [1] [Bitcoin and XRP Pull Back, But Bulls Have Reason for ...] [https://decrypt.co/331438/bitcoin-xrp-price-pull-back-bulls-optimism-analysis]