Bitcoin News Today: Bitcoin Surges Back Above $115,000 After $1 Billion Shakeout

Bitcoin has rebounded above the $115,000 level following a sharp selloff that triggered over $1 billion in liquidations of leveraged long positions [2]. The downturn, which occurred over the weekend, led to a brief period of risk-off sentiment in the cryptocurrency market. However, buying interest has since returned, with traders re-entering the market and pushing prices upward [2].

Despite the rebound, Bitcoin remains volatile, fluctuating within a narrow range between $114,900 and $115,100 [1]. Ether, meanwhile, has demonstrated relative resilience, recovering part of its losses amid the broader market decline. Analysts have highlighted the fragile nature of the market, noting that bearish indicators such as net taker volume and positioning data still suggest caution [3].

Looking forward, some analysts remain cautiously optimistic. PlanB, a well-known crypto analyst, has projected a potential average price of $500,000 for Bitcoin, citing RSI and realized price data as indicators of ongoing bullish momentum [4]. However, this forecast is speculative and lacks immediate confirmation from tangible market catalysts.

Technically, Bitcoin faces a critical resistance level at $115,500. A successful break above this threshold could signal a shift toward a more sustained upward trend [3]. If BTC holds this level, it may indicate increased institutional involvement and renewed confidence among investors. On the other hand, failure to maintain a position above $115,000 could lead to further consolidation or a renewed downward correction.

Market sentiment has shifted back to greed following the recent price recovery, yet Bitcoin has recorded a roughly 2.5% decline in value over the past week [5]. This mixed outlook reflects the uncertainty among traders, many of whom remain wary due to the high volatility and the risks associated with leveraged positions.

Analysts have also issued warnings about the $105,000 level, which could potentially act as a trap for leveraged traders, despite Bitcoin currently hovering near $115,000 [6]. Earlier this month, Bitcoin closed at a record $115,000 amid signs of growing buying pressure [4]. However, whether this momentum will continue remains unclear, as the market still grapples with liquidity constraints and shifting investor behavior.

Source:

[1] CoinDesk – [https://www.coindesk.com/markets/2025/08/05/bitcoin-struggles-to-hold-usd115k-solana-dogecoin-show-relative-strength-as-risk-off-sentiment-lingers](https://www.coindesk.com/markets/2025/08/05/bitcoin-struggles-to-hold-usd115k-solana-dogecoin-show-relative-strength-as-risk-off-sentiment-lingers)

[2] The – [https://thecurrencyanalytics.com/bitcoin/bitcoin-surges-back-above-115k-after-1b-shakeout-as-etf-inflows-reignite-market-hopes-189024](https://thecurrencyanalytics.com/bitcoin/bitcoin-surges-back-above-115k-after-1b-shakeout-as-etf-inflows-reignite-market-hopes-189024)

[3] Mitrade – [https://www.mitrade.com/insights/news/live-news/article-3-1017035-20250806](https://www.mitrade.com/insights/news/live-news/article-3-1017035-20250806)

[4] FastBull – [https://m.fastbull.com/news-detail/bitcoin-hits-record-115000-in-julyanalyst-says-500k-4338353_0](https://m.fastbull.com/news-detail/bitcoin-hits-record-115000-in-julyanalyst-says-500k-4338353_0)

[5] The – [https://thecurrencyanalytics.com/bitcoin/bitcoin-sentiment-turns-greedy-again-as-market-recovers-from-brief-neutral-phase-189019](https://thecurrencyanalytics.com/bitcoin/bitcoin-sentiment-turns-greedy-again-as-market-recovers-from-brief-neutral-phase-189019)

[6] CoinLaw – [https://coinlaw.io/bitcoin-105k-price-trap-analysis/](https://coinlaw.io/bitcoin-105k-price-trap-analysis/)