Bitcoin (BTC) Price Analysis (Aug 18, 2025): Can $112K Support Prevent a Deeper Correction?

Bitcoin is currently trading around the $115,000 mark and is looking bearish in the immediate short term. As noted in our previous analysis, the price managed to break above the resistance at $120,000 and even pushed toward a new all-time high at $124,000. However, the move quickly lost strength, and after touching the new peak, Bitcoin dropped below $120,000 in no time and has since been moving in a downtrend. This behavior signals a correction and highlights the lack of strong buying momentum. Let’s take a closer look at the latest charts to see where the Bitcoin price prediction stands in the coming days.

Analyzing the Charts

Looking at the 4-hour chart, Bitcoin is trading around $115,000 and is on the verge of losing support at $115,500. The strong selling pressure that followed the $124,000 all-time high has pushed the price into a correction phase. It is worth noting that Bitcoin has struggled to establish itself above $120,000 for the past few months, and with recent weakness, the bears appear to be gaining momentum.

If the downtrend continues and Bitcoin breaks below $115,500 with conviction, the next major support to watch will be around $112,000. This level carries weight because it acted as a floor during previous corrections. A bounce from here could still keep the door open for another bullish wave. However, if the price fails to hold this support and breaks lower, it would signal the start of a deeper correction.

On the weekly timeframe, Bitcoin has formed a rising wedge, which is generally considered a bearish pattern, and the price now appears to be breaking below it. Since this is a weekly candle, there is still a chance it could close back within the structure if momentum returns. Even so, the overall setup remains bearish and points toward the possibility of further correction. A convincing break below this wedge would likely trigger a deeper pullback and could send Bitcoin below the $100,000 mark.

Final Takeaway: What is Next for Bitcoin (BTC)?

In conclusion, Bitcoin’s recent rejection from its all-time high at $124,000 has shifted momentum toward the downside. The price is now testing key supports at $115,500 and $112,000, which will determine whether the market can stabilize or move into a deeper correction. While a bounce from these levels could keep the broader bullish trend intact, a clear breakdown would open the door for a move below $100,000. The coming days will be vital in shaping Bitcoin’s next major direction.