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Bitcoin volatility is expected to remain present ahead of Fed Chair Powell\u2019s speech on Friday.<\/p>\n<\/li>\n
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Analysts say Bitcoin\u2019s dip below $112,000 offers a \u201cgreat entry\u201d opportunity for traders.<\/p>\n<\/li>\n
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BTC price may drop as low as $110,000 if key support levels are broken.<\/p>\n<\/li>\n<\/ul>\n
Bitcoin has been trending down alongside the broader crypto market since Aug. 14, dropping to a 17-day low below $112,500 on Wednesday. With Federal Reserve Chair Jerome Powell\u2019s Jackson Hole speech expected on Friday, markets could see volatile price swings toward key BTC price levels over the next few days.<\/p>\n
Bitcoin price key \u201caccumulation\u201d level sits near $112,000<\/h2>\n
A\u00a0break below the $115,000 support level\u00a0was what traders needed to decide whether to add or reduce exposure.<\/p>\n
MN Capital founder Michael van de Poppe\u00a0spotted\u00a0Bitcoin hovering at $113,700, saying that the price has reached a \u201cpotential area of interest for longs.\u201d<\/p>\n
An accompanying chart suggested the area between the August low at $111,900 and the $113,000 psychological level was a key level to watch in BTC\u2019s six-hour time frame.\u00a0<\/p>\n
Related:\u00a0<\/strong><\/em>Bitcoin sell pressure \u2018palpable\u2019 as BTC bid support stacks at $105K<\/strong><\/em><\/p>\n
A dip below this zone would provide traders with a \u201cgreat\u201d opportunity to buy more at a discount, van de Poppe said, adding:<\/p>\n
\u201cIf we sweep the lows, that’s the most optimal area to buy those. Great area to accumulate.\u201d<\/p><\/blockquote>\n
BTC\/USD six-hour chart. Source: Michael van de Poppe<\/em><\/figcaption><\/figure>\n Similar sentiments were shared by fellow analyst AlphaBTC, who\u00a0said\u00a0that Bitcoin\u2019s price was likely to revisit the monthly low at $111,980 before making a \u201cbigger squeeze back up.\u201d<\/p>\n
\n
\ud83d\udcc8#Bitcoin\u00a0game plan \ud83d\udcc8<\/p>\n
Lower time frame, I’m looking for the monthly low to get run then a bigger squeeze back up.#Crypto\u00a0#BTC\u00a0https:\/\/t.co\/l3t7AGOX0x\u00a0pic.twitter.com\/lyI7CN2asf<\/p>\n
\u2014 AlphaBTC (@mark_cullen)\u00a0August 20, 2025<\/p><\/blockquote>\n
Lower than that,\u00a0$110,000 is an important level\u00a0to keep an eye on, an area that has supported BTC price since July 10, according to trading firm Swissblock. It lies within a key demand zone defined by the 100-day simple moving average (SMA) at $111,000 and $105,000.<\/p>\n
As Cointegraph reported,\u00a0Bitcoin\u2019s key support level remains $100,000, which is embraced by the 200-day SMA and acts as the last line of defense for the bulls.\u00a0<\/p>\n
BTC\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/figcaption><\/figure>\n On the upside, Bitcoin must flip the area between $116,000 (50-day SMA) and $120,000 into support to secure the bull run. This would increase the chances of revisiting the all-time high above $124,500 or\u00a0higher into price discovery.\u00a0\u00a0<\/p>\n
Will liquidations drive BTC below $110,000?<\/h2>\n
Several traders eye a potential downward liquidity grab with bid orders extending to $110,000.\u00a0<\/p>\n
The latest data from monitoring resource\u00a0CoinGlass\u00a0showed price eating away at around $113,000, with the bulk of interest clustered below $112,000. More than $110.4 million bid orders were sitting between $111,000 and $110,000.<\/p>\n
Bitcoin liquidation heatmap (screenshot). Source: CoinGlass<\/em><\/figcaption><\/figure>\n To the upside, however, ask orders were building up, with the bulk of liquidations sitting between $115,800 and $118,100.\u00a0<\/p>\n
If the $118,000 level is broken, it could spark a liquidation squeeze, forcing short sellers to close positions and driving prices toward $120,000, which is the next major liquidity cluster.<\/p>\n
\u201cThe biggest cluster in close proximity now sits at around $120K and of course, the local range low at $112K is still in play,\u201d\u00a0said\u00a0Bitcoin trader Daan Crypto Trades in an X post on X, adding:<\/p>\n
\u201cKeep an eye out of those areas as they often act as local reversal zones and\/or magnets when price gets close to them.\u201d<\/p><\/blockquote>\n
\u00a0<\/p>\n
As we reported, increased selling by Bitcoin short-term holders could heighten the odds of BTC price dropping toward $110,000.<\/p>\n
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