---
title: "Will Bitcoin Hit $119K or Drop to $110K Next? Key Levels in Focus"
url: https://diffcoin.com/will-bitcoin-hit-119k-or-drop-to-110k-next-key-levels-in-focus/
description: "Bitcoin trades near $114K after a weekend dip, facing crucial resistance at $114.8K-$116.8K that may decide the next all-time high."
published: 2025-08-04
updated: 2025-08-04
author: "Mila"
site: "Diffcoin"
---

# Will Bitcoin Hit $119K or Drop to $110K Next? Key Levels in Focus

**TL;DR**

- Bitcoin hovers near $115K, with resistance at $114.8K-$116.8K crucial for new all-time highs.
- Weekend dip to $111,965 triggered $670 million futures losses, mostly from long positions.
- Analysts warn a rejection could see Bitcoin retest the $110K-$112K accumulation support zone.
- Mining difficulty hits 127.6 trillion; historical August patterns suggest potential volatility ahead.

## **Price Movement and Market Reaction**

Bitcoin (BTC) traded jumped to $115,000 on Monday after rebounding from a weekend dip to around $111,965. The drop followed Friday’s U.S. jobs data, which fueled recession concerns in the United States. Over the last 24 hours, the cryptocurrency recorded a trading volume of $29 billion.

Data from Coinglass showed that the sudden decline led to about $670 million in losses from perpetual futures positions, with long positions accounting for over $550 million. Despite the slight 1% gain in the past 24 hours, Bitcoin remains down 3% for the week.

## **Crucial Resistance Levels at $114.8K and $116.8K**

Analyst Michaël van de Poppe said,

> “Bitcoin is doing great. It’s back up to the first crucial resistance zone and green light for a new ATH. Breaking through this area isn’t a guarantee of a new ATH, but a good first step.”

He pointed to $114.8K as the first level to clear and $116.8K as the second. A move above these zones could put $119.5K in focus for an all-time high test.

> [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) is doing great.
> 
> It’s back up to the first crucial resistance zone and green light for a new ATH.
> 
> Breaking through this area isn’t a guarantee of a new ATH, but a good first step.
> 
> Rejection here?
> 
> Yes, that would mean we’re retesting the area around $110-112K.
> 
> There… [pic.twitter.com/d3PpbgU9gp](https://t.co/d3PpbgU9gp)
> 
> — Michaël van de Poppe (@CryptoMichNL) [August 4, 2025](https://twitter.com/CryptoMichNL/status/1952292172256236016?ref_src=twsrc%5Etfw)

He also warned that a failure to break above the current zone could send the price back toward the $110K–$112K range. This area is seen by many traders as a strong support zone where buyers may step in before any attempt at a larger rally.

## **Market Structure and Price Gaps**

Ted noted,

> “$BTC now has a CME gap between $113.5K-$114K. Most of these CME gaps are filled, so expect a dip below $114K.”

This leaves room for a small pullback before any push higher.

Daan Crypto Trades observed that Bitcoin often sets its monthly high or low within the first week of each month. He said,

> “The current move from high to low is also just ~3.6%. There’s a very high likelihood we make a larger move this month.”

The analyst added that in past years, months in uptrends often saw a flush lower early in the month, followed by a climb.

![Bitcoin price chart](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAxMjAwIDYwMiIgd2lkdGg9IjEyMDAiIGhlaWdodD0iNjAyIiBkYXRhLXU9Imh0dHBzJTNBJTJGJTJGY3J5cHRvcG90YXRvLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNSUyRjA4JTJGR3hjM1VMRFdFQUF1MTM1LmpwZWciIGRhdGEtdz0iMTIwMCIgZGF0YS1oPSI2MDIiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Source: X

## **Network and Broader Outlook**

As *CryptoPotato* reported, Bitcoin’s mining difficulty hit a new peak at 127.6 trillion this week as network computing power rose.

Robert Kiyosaki also shared a cautious view, suggesting Bitcoin could fall toward $90,000. He cited the asset’s history of sharp August declines as a reason for the warning.

With Bitcoin holding near $114K-$116K, traders are focused on whether it can break through resistance for an all-time high attempt or pull back to retest lower support levels.

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