BTCUSD experienced a sharp intraday decline after reaching an all-time high. The price appears to have found support near $118,000, which could provide a base for a potential rebound. Analysts note that a decisive break below this level may lead to a more extended correction in the cryptocurrency.

Short-term uncertainty persists as key support levels will likely determine Bitcoin’s next move. Maintaining levels above resistance could allow further gains, while a breach of support may trigger a deeper pullback. While the broader trend remains bullish, intraday weakness is increasing volatility.

Crypto Analyst Sees $128K Target for Bitcoin Amid Short-Term Weakness

Crypto analyst BitcoinHyper noted on social media that Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term recently pulled back after encountering resistance near $123,000, causing over $800 million in long-position liquidations. The price has since moved to the middle of its horizontal trading range, with support identified at $118,200 and stronger support around $116,300.

This is the best support on Bitcoin currently.

I'll be looking for a new long trade: https://t.co/mkH6zdRztN pic.twitter.com/NIEOE4YpoJ

— BitcoinHyper (@BitcoinHypers) August 15, 2025

The analyst highlighted that the 4-hour chart still shows a bullish trend. However, a lower low on the 1-hour chart indicates short-term weakness. The $120,000 level remains a key pivot. Holding above it could open the path to $128,000, while a drop below may lead to further declines. Ethereum has also rebounded in the short term but faces similar risks of reversal.

You may find it interesting at FinanceMagnates.com: Bitcoin Analyst Signals Reversal Ahead; Trump Executive Order to Probe Crypto Debanking.

BitMEX Co-Founder Warns of BTC Volatility

BitMEX co-founder Arthur Hayes warned that Bitcoin could fall to $100,000, citing macroeconomic headwinds that may affect the broader market. His comments came after liquidating more than $13 million in crypto assets.

Hayes pointed to weakening economic indicators, including the July Non-Farm Payrolls report, which added 73,000 jobs versus expectations of 110,000, and slow credit growth across major economies.

Y? US Tariff bill coming due in 3q … at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So $BTC tests $100k, $ETH tests $3k. Come see my @WebX_Asia Tokyo keynote Aug 25 for more info. Back to the beach. https://t.co/zuHlwgQKC7

— Arthur Hayes (@CryptoHayes) August 2, 2025

Hayes’s portfolio moves—selling ETH, Ethena, and Pepe while holding $22.95 million in USDC—suggest preparation for potential volatility. He anticipates Bitcoin testing $100,000 and Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term around $3,000 in the event of a broader market decline.

DeepSeek AI Outlines Three Possible Bitcoin Scenarios for 2025

DeepSeek AI has outlined three possible scenarios for Bitcoin in 2025. In a base case, Bitcoin could trade between $100,000 and $150,000.

A more optimistic scenario projects the price reaching $350,000, while a high-end “black swan” scenario sees it rising to $500,000. These projections are based on assumptions of increased institutional adoption and broader acceptance of blockchain in global finance.