Bitcoin Price Prediction: Why Is The BTC Price Going Down Today?

Today, the price of Bitcoin is around $110,200, which is close to where it was before it fell below its multi-month rising trendline for the first time since ￰0￱ the $124,000 area, sellers pushed BTC lower, which caused a sharp rejection that broke the bullish ￰1￱ inflows have also turned negative, with $44 million in net outflows recorded on August ￰2￱ shows that investors are being careful after the recent rally. What’s Happening With Bitcoin’s Price? BTC price dynamics () On the daily chart, BTC has slipped out of its rising structure, breaking below the $112,000–$113,000 support ￰3￱ is now testing the $109,800–$110,500 region, which lines up with prior liquidity and demand zones.

A sustained close below $110K would confirm a deeper retracement toward $108,000, while recovery above $112,000 would be needed to restore short-term ￰4￱ price dynamics () The Smart Money Concepts chart highlights a recent change of character (CHoCH) below $112,500, with price dipping into imbalance zones near $109,500. This indicates that sellers remain in control unless the weak high near $1…