TLDR:
- Bitcoin drops under $114K, shifting focus to a tough $115K–$116K resistance zone.
- $114K support now acts as a hurdle that bulls must reclaim to regain momentum.
- Sellers control price action with 4-hour 200MA and 200EMA adding resistance pressure.
- Market eyes $115K recovery, but failure could trap BTC in a tightening range.
Bitcoin is losing ground again. The price now trades under the $114K support, erasing a key level bulls fought to hold. Sellers are pressing harder, forcing the market into defensive mode.
Traders are watching whether buyers can take back $114K before any push higher. Without it, the road toward $116K and a stronger rally remains blocked.
Bitcoin Price Slips While Key Levels Tighten
According to CoinGecko, Bitcoin is at $113,522, down 1.49% in the past 24 hours. It has dropped 4.44% in the last week. This move takes the price under the $114K support that held earlier in the month.
The next big challenge sits at $115K to $116K, a zone that has been tough to crack. Bulls now face two steps: reclaim $114K first, then break through $116K.
Daan Crypto Trades pointed out that the $115K-$116K range is a critical battle zone. On the 4-hour chart, this area has acted as both support and resistance. Repeated rejections from this level show sellers are still in control.
He also noted the 4-hour 200MA and 200EMA, which sit right above this region. These moving averages add another layer of resistance. Until price clears them, momentum remains capped.
$BTC Important area around $115K-$116K.
The horizontal level has been respecting price on both sides very well so far.
We also have the 4H 200MA/EMA right above price which have acted as resistance as well.
Bulls need to break this region to be back in control and start aiming… pic.twitter.com/1MsH8ZkDOg
— Daan Crypto Trades (@DaanCrypto) August 5, 2025
BTC Price Support at $114K Now Turns Into a Hurdle
Losing $114K changes the game. Buyers once defended it, but it is now the first barrier they need to reclaim. If they fail, price could drift lower, putting fresh pressure on the market.
Traders are closely watching how Bitcoin reacts around this point. A quick recovery could spark a push toward $115K and $116K. Failure might keep it stuck in a tightening range.
Bitcoin’s path back to strength is clear but not easy. Reclaim $114K, break $116K, and only then can bulls think about higher targets. For now, sellers hold the upper hand.
With price slipping under support, the next few sessions will decide if Bitcoin finds its footing or stays trapped. Traders are bracing for another test of this critical zone.
The post Bitcoin Breaks Below $114K as BTC Bulls Face Tough Road Back appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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