{"content":"🧨 Major Breakdown Looms? Bitcoin Bulls Face Critical Test Bitcoin is falling below $120,000. BTC is displaying negative indicators and may go below $115,500. Bitcoin began a decline below $120,000. The price is below $118,000 and the 100-hour SMA. BTC/USD broke below a significant falling channel with support around $116,200 on the hourly chart. If it breaks $118,500 barrier, the pair may rise again. Further Bitcoin Price Drop Bitcoin reached an all-time high around $124,000 before falling. Bearish momentum pushed BTC below $120,000. Below the $118,500 support zone and 100-hourly Simple moving average. Additionally, the hourly BTC/USD chart broke below a crucial falling channel with support around $116,200. They tested $115,800. It is consolidating losses below the 23.6% Fib retracement level of the latest slide from $124,420 swing high to $115,800 low. Bitcoin has fallen below $118,000 and the 100-hour SMA. Near $116,850 is immediate upward barrier. First major resistance is at $118,000. The next hurdle may be $118,500. A close above $118,500 barrier might boost prices. The price may surge to $119,200 barrier. More increases might push the price above $120,000 or the 50% Fib retracement level of the latest slide from the $124,420 swing high to the $115,800 low. The goal may be $121,500. More BTC losses? Bitcoin may fall if it fails to break $118,000 barrier. Near $115,800 is immediate support. The first big support is at $115,000. Around $113,500 is the next support. More losses might push the price toward $112,500. BTC may go below $110,000, 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: $115,800, $115,000. Major Resistance Levels: $118,000, $118,500. #BTC #MarketPullback #AltcoinSeasonLoading #CryptoIntegration #MetaplanetBTCPurchase $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/18/c5d244a0cc50443eb3cb8dba1474055a.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}