Bitcoin has been consolidating since hitting an all‑time high of $123,000 on July 14, 2025. The recent 6% pullback to just under $115K has tested investor confidence. As price action stabilizes, traders are watching closely: could the Bitcoin Correction End?
Anatomy of the Latest Correction
Entering 2025 strong, Bitcoin climbed over 25%, but its deepest drawdown from recent peaks remained under 10%—typical for mature phases of a bull cycle. However, the recent slip below $115K poses a risk: technicals now reflect a moderate correction in progress.
Support Zones in Focus
Key support levels traders are monitoring include:
- $115,000 area: flagged by analysts like Michaël van de Poppe as crucial. Falling below this may open a path toward $104K.
- Fibonacci support and weekly 100-day MA, located near $104K–$107K, also serve as technical safety nets.
- The psychological mark at $100,000 remains a major line in the sand for sentiment and buyer interest.
Technical Indicators Signal Caution
Several indicators suggest bearish momentum may be waning:
- RSI is approaching the oversold zone (38–42) after divergence with price action.
- MACD histogram has flattened, indicating a potential reversal in trend.
- Declining volume and lower sell-side activity hint at selling exhaustion.
Market Sentiment & Whale Behavior
- Whale wallets are accumulating around current levels, pulling BTC off exchanges into cold storage.
- Funding rates on futures contracts have normalized after elevated bullish levels, easing pressure.
- Market mood recently shifted from “Extreme Greed” to “Greed” (~64 on Fear & Greed Index), pointing toward cooling sentiment.
Macro Factors at Play
Several external dynamics could influence Bitcoin’s directional bias:
- Federal Reserve policy updates expected in September may bring clarity and renewed risk appetite.
- Spot Bitcoin ETF inflows continue steadily, potentially supporting demand amid volatility.
- Broader economic indicators, such as inflation trends, could shift capital flows in risk assets.
Scenarios to Watch
| Scenario | Outlook | Potential Target |
| Support holds ($115K) | Bullish bounce & consolidation | $122K–$125K |
| Break below $115K | Deeper correction likely | $104K–$100K |
| Triggered market spike | Continued ETF demand and bullish sentiment prevail | $125K–$130K+ |
Conclusion
Bitcoin’s recent price action suggests the correction may be nearing its conclusion—as long as crucial support between $115K and $104K holds. A bounce backed by volume and technical signals could validate a resumption of the bull trend. Conversely, a breakdown might signal deeper retracement.
Final Advice: Let the market confirm direction. Wait for stability and volume-supported moves before re-entering. For live updates and chart analysis, follow us on inthenearfuture.com.