Bitcoin continues to experience pressure, sitting near a critical support zone at $116,000. Analysts have analyzed the current situation and forecast possible scenarios for future price movements.
Current State of Bitcoin
Currently, Bitcoin is trading around $117,000, confirming its presence in a critical support zone. If the price drops below the $116,000 mark, it could push the price down to $105,000 or even below $100,000 by late August or early September 2025.
Analyst Forecasts
Citi analysts predict Bitcoin could reach $135,000 by year-end. However, there is also a risk of a decline to $64,000 under a bearish scenario. According to crypto analyst Michaël van de Poppe, the support level at $116,800 is key, and holding above this level could propel the price towards $119,900.
Risks and Influencing Factors
An AI model identified key risks including slowing ETF inflows and broader market weakness. The increased correlation of Bitcoin with the S&P 500 highlights the significance of external factors. The model estimates a 30–40% chance of BTC dropping below $100,000 in the coming months.
The situation surrounding Bitcoin remains tense. The support level at $116,000 has become critical, and the options for further price movement depend on a multitude of factors, including market conditions and regulatory actions.
