Bitcoin News Today: Bitcoin Nears $117,837 Amid 0.4% Dip As $112,000 Support Looms

Matrixport, a prominent crypto finance firm, has signaled that Bitcoin may retest key price levels in the coming weeks, as highlighted in its analysis published on July 29 [1]. The firm noted that Bitcoin’s recent pullback has drawn investor attention to the $112,000 level, a critical support area that could be tested again amid ongoing market caution and uncertainty.

Despite initial expectations of a sustained downtrend, Matrixport observed that Bitcoin has not remained below its trendline, suggesting that the decline may be limited. The firm emphasized that the current environment is characterized by a cautious tone, with investors closely monitoring broader macroeconomic developments, particularly the Federal Reserve’s Federal Open Market Committee (FOMC) meeting scheduled for September 17 [1]. The Jackson Hole symposium, meanwhile, is anticipated to have a more limited impact, with greater focus on academic and policy-related discussions.

Technically, Bitcoin has been fluctuating between $112,000 and $117,292, forming a defined range that offers investors two potential strategies. One approach involves waiting for a breakout to the upside, while the other suggests opening positions should the price fall back to the $112,000 level [1]. This setup provides a clear framework for traders to assess risk and opportunity in the near term.

Recent reports have reinforced the relevance of Matrixport’s analysis. As of August 15, Bitcoin traded near $117,837, a 0.4% dip from previous readings, raising questions about the sustainability of the current price level and the likelihood of a correction [3]. An August 17 update further echoed the firm’s forecast, noting that the pullback could signal a retest of the $112,000 support level, particularly as volatility and mixed sentiment continue to define the crypto landscape [2].

Matrixport’s assessment is being regarded as a key reference for both institutional and individual investors seeking to navigate the current market dynamics. Although the firm does not adopt a bullish or bearish stance, it underscores the importance of monitoring the $112,000 level as a barometer of Bitcoin’s resilience and potential direction. The market’s response to this critical price level will likely influence broader sentiment and shape price movements in the short to medium term.

As the Fed’s policy decisions loom on the horizon, Matrixport’s insights offer a pragmatic viewpoint for investors to consider when evaluating Bitcoin’s positioning. With central bank actions expected to play a pivotal role in shaping macroeconomic conditions, the firm’s analysis provides a timely and relevant framework for understanding the potential trajectory of the world’s largest cryptocurrency.

Source:

[1] Matrixport. “Crypto Finance Company Matrixport Announces Bitcoin Price Levels Could Be Tested Again! Details Here.” https://en.bitcoinsistemi.com/crypto-finance-company-matrixport-announces-bitcoin-price-levels-could-be-tested-again-details-here/

[2] The Economic Times. “Whale Moves Major Crypto Assets During Market Dip.” https://m.economictimes.com/crypto-news-today-live-18-aug-2025/liveblog/123350562.cms

[3] Cryptonews. “Latest Updates for August 18, 2025.” https://cryptonews.com/news/live-crypto-news-today-latest-updates-for-august-18-2025/