ChatGPT’s Bitcoin Analysis Flags $108K Breakdown – Can Support Hold at $105K?

ChatGPT’s Bitcoin analysis has revealed that Bitcoin has fallen to $108,769 with a -1.22% decline after breaking below the crucial $110K ￰0￱ the same time, Bitcoin is trading below all major EMAs, creating a comprehensive bearish structure while testing key support in the $108.5K – $105K range. ChatGPT’s Bitcoin analysis synthesizes 24 real-time technical indicators to assess BTC’s trajectory as it navigates the potential for an oversold bounce versus a deeper correction ￰1￱ Analysis: Bearish Breakdown Below All EMA Support Bitcoin’s current price of $108,769.65 reflects a 1.22% decline from the opening price of $110,115.36 , establishing a volatile trading range between $111,505.00 (high) and $108,500.27 (low).

The 2.8% intraday range indicates strong volatility following the breakdown of the key $110,000 support.), the 50-day at $112,540 ( +3.4% ), the 100-day at $113,908 ( +4.5% ), and the 200-day at $114,725 ( +5.2% ). Additionally, the MACD displays an extremely bearish structure at -199.85, which is well below zero, with the signal line at -562.17 and a negative histogram at -362.32 .) August 29, 2025 This systematic pressure creates sustained selling momentum beyond normal market ￰2￱ broader institutional context reveals distribution patterns, with major holders reducing their positions as Bitcoin approaches monthly options expiry, totaling $15 ￰3￱ participants note “massive transfers: millions in BTC flooding into Wintermute,” suggesting a coordinated institutional positioning during periods of ￰4￱ Trump family’s involvement in crypto provides mixed signs, with Eric Trump promoting Bitcoin adoption while institutional selling pressure persists.

BREAKING: BINANCE IS DUMPING MILLIONS OF $ETH AND $BTC ￰5￱ IS GOING ON?? ￰6￱ — ᴛʀᴀᴄᴇʀ (@DeFiTracer) August 29, 2025 The 2025 trajectory shows vulnerability from July’s $115,758 peak to the current $108K breakdown, representing a 7% decline from recent ￰7￱ positioning tests key support levels that historically provided major trend support during previous correction ￰8￱ Treasury Rotation Pressures Bitcoin Dominance Bitcoin’s weakness coincides with major institutional capital rotation toward altcoin treasuries, as identified by NoOnes CEO Ray ￰9￱ observes that “ major firms and even corporations like Trump Media are now treating blue-chip altcoins such as ETH, SOL, BNB, and CRO as treasury-grade reserve assets. “ Youssef notes the institutional shift, stating that “ Bitcoin dominance has declined decisively over the last month and already slipped below 58% as over 45 altcoins outperformed BTC in the last 90 days. ” This rotation represents systematic reallocation as “ billions of dollars are being allocated and reallocated into these treasuries. “ The altcoin treasury trend particularly benefits Solana, where “over $800 million is already parked in corporate SOL treasuries.” Youssef suggests that “ if its trajectory mirrors that of Ethereum’s from earlier this year, Solana treasuries could explode into tens of billions. “ Market Fundamentals: Declining Metrics Amid Distribution Pressure Bitcoin maintains a substantial market cap of $2.16 trillion despite a 4.23% decline during institutional distribution ￰10￱ market cap decline is accompanied by increased volume at $69.98 billion ( +11.9% ), indicating active institutional repositioning during breakdown ￰11￱ 3.3% volume-to-market cap ratio suggests measured trading activity relative to market cap during distribution events.) demonstrates Bitcoin’s relative strength during crypto market weakness, while the 13.01% distance from the August 14 all-time high of $124,457 represents a strong correction territory requiring support defense for trend ￰12￱ pricing maintains extraordinary gains of 222,552,915% from 2010 lows while testing key support levels, validating Bitcoin’s long-term trajectory despite institutional distribution pressure affecting short-term positioning and technical structure ￰13￱ Sentiment: Bearish Sentiment Amid Distribution Concerns LunarCrush data reveals a decline in social performance, with Bitcoin’s AltRank falling to 394 during periods of institutional selling ￰14￱ Galaxy Score of 49 ( -8 ) reflects a deteriorating sentiment as participants process the breakdown implications and concerns about ￰15￱ metrics show reduced activity, with 79.29 million total engagements ( -16.35M ) while mentions increase to 237.82K ( +85.21K ), demonstrating heightened attention during breakdown ￰16￱ dominance of 16.9% maintains visibility while sentiment registers at 76% positive despite technical ￰17￱ developments include former Coinbase CTO Balaji Srinivasan’s commentary, “ when Bitcoin wins, it can win very fast ,” which contrasts with the current weakness.

NEW: Former Coinbase CTO Balaji Srinivasan says, “When #Bitcoin wins, it can win very fast.” “So HODL” ￰18￱ — Bitcoin Magazine (@BitcoinMagazine) August 29, 2025 Prominent analysts identify key support testing, with some noting that “if BTC can’t hold this level, the next stop is $104,000.” In contrast, others maintain that “holding and staying bullish” is the approach during fear-driven sentiment shifts, creating mixed positioning signs. ChatGPT’s Bitcoin Analysis: Critical Support Defense Required ChatGPT’s Bitcoin analysis reveals that Bitcoin is in a key support testing phase following a breakdown below the $110K ￰19￱ support emerges at today’s low around $108,500 , followed by major support in the $105,000 – $108,000 range.), requiring a reclaim to invalidate the bearish ￰20￱ technical setup suggests that key support defense is required for trend continuation, with institutional distribution pressure creating systematic selling beyond normal correction dynamics.

Three-Month Bitcoin Price Forecast: Support Defense Scenarios Oversold Bounce Recovery (35% Probability) A successful defense of $108.5K support, combined with an oversold RSI bounce, could drive Bitcoin toward $112K – $115K , representing a 3 – 6% upside from current levels.) Breaking below the $108.5K support level could trigger selling pressure toward the $105K – $99K range, representing a 3 – 9% downside.) Failure to hold $105K could trigger capitulation toward $95K – $100K historical support, representing 12 – 15% downside.