{"content":"📊 Bitcoin Price Teeters Below Resistance — Correction Brewing? Bitcoin struggles to break $116,200. BTC is consolidating and may go below $112,500. Bitcoin fell again from $115,500. The price is below $114,000 and the 100-hour SMA. The hourly BTC/USD chart shows a negative trend line with resistance at $114,400. If it breaks $115,500 barrier, the pair may rise again. Bitcoin Price Struggles Bitcoin launched a comeback at $112,000 after finding support. BTC broke $113,200 and $114,000 barriers. The price rose beyond the 23.6% Fib retracement level of the $118,918 swing high to $112,000 low decline. The price failed to rise around $115,500 barrier due to bears. Resistance came from the 50% Fib retracement level of the $118,918 swing high to $112,000 low. Bitcoin has fallen below $114,000 and the 100-hour SMA. The hourly BTC/USD chart shows a negative trend line with resistance at $114,400. Near $114,000 is immediate upward barrier. First major resistance is at $115,000. The next hurdle may be $115,500. A close above $115,500 barrier might boost prices. The price may increase to $116,500 resistance. More advances might push the price beyond $118,000. The goal may be $120,000. Another BTC Drop? Bitcoin may fall again if it fails to break $115,000 barrier. Near $113,200 is immediate support. First main support is about $112,500. Close to $112,000 is the next support. More losses might push the price beyond $110,500. BTC may go below $108,500, the primary support. The technical indications Hourly MACD - The negative zone is strengthening. Relative Strength Index hourly BTC/USD RSI is below 50. Major Support Levels: $112,600, $112,000. Major Resistance Levels: $115,000, $115,500. #BTCUnbound #BTCReserveStrategy #BTC $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/06/02c1363608384ed09e31eb9b93400090.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}