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Bitcoin Price Today hovers near $110K, down from its $124K peak earlier this month.
Whale sell-offs and ETF outflows are pressuring the Price of Bitcoin.
Long-term Bitcoin Price Prediction points toward $200K+ by 2026 despite short-term volatility.
Bitcoin has always been seen as the leader of the cryptocurrency market, and every movement in its value sends waves across the industry. The bitcoin price today stands around $110,047, showing a slight decline compared to the previous day. During intraday trading, Bitcoin touched a high of $112,820 and a low of $108,951.
This shows how volatile the market still is, with traders watching every development closely. In this article, we will look at the latest bitcoin price news, important developments shaping the market, technical levels to watch, and a bitcoin price prediction for the coming months.
The current price of Bitcoin is holding above the $110,000 mark, but the journey to this point has been anything but steady. Just a week ago, the bitcoin price today was higher at around $115,000, and earlier in mid-August, it even touched an all-time high of $124,290. The drop from that peak has been sharp, reminding investors that the price of Bitcoin remains highly sensitive to sudden shifts in sentiment and trading activity.
Market capitalization now sits at about $2.19 trillion, with nearly 19.91 million BTC already in circulation. Since Bitcoin’s total supply is capped at 21 million, this means the world’s most popular cryptocurrency is approaching its ultimate limit, further intensifying debates about scarcity and long-term value.
The recent decline in the bitcoin price today has been linked to several factors. One major event was a sudden sell-off, sometimes called a “flash crash,” caused by a whale — a large holder of Bitcoin — who sold around 24,000 BTC. This triggered a wave of panic across exchanges and led to more than $838 million in liquidations across the crypto market. Out of this, Bitcoin accounted for about $273 million in losses.
At the same time, large outflows from spot Bitcoin exchange-traded funds (ETFs) put further pressure on the market. Over $1 billion was pulled out in just a short span, which removed significant buying support. While the U.S. Federal Reserve had signaled a more dovish approach to interest rates, profit-taking and a stronger U.S. dollar reversed those gains, pushing the price of Bitcoin lower.
From a technical point of view, Bitcoin is now facing resistance in the $112,000–113,000 range. Every time the bitcoin price today tries to climb past that level, it has been rejected. On the downside, strong support exists around $105,000. Analysts believe this level is crucial. If Bitcoin falls below it, sellers could gain control and drag the price further down. But if the price holds above this level, it may act as a launch pad for the next rally.
The short-term chart shows a tug-of-war between bulls and bears. Futures demand remains high, which means traders are still actively betting on both directions. However, in the options market, put contracts are more expensive than call contracts, suggesting that bearish sentiment is currently stronger.
While retail traders are reacting to daily fluctuations, institutions continue to increase their holdings quietly. One of the biggest news stories this month was the purchase of 3,081 BTC by Strategy Inc., formerly known as MicroStrategy. The company spent nearly $356.9 million on this acquisition, paying an average of about $115,829 per coin. With this, its total Bitcoin reserves have grown to over 632,000 BTC, worth around $70.6 billion.
This trend of companies building large crypto treasuries is contributing to what many analysts call a supply crunch. The number of bitcoins available on exchanges has fallen below 15% of the total supply, the lowest since 2018. As more companies and long-term holders remove their coins from exchanges, fewer coins remain available for new buyers. In simple terms, the less supply there is, the more the price of Bitcoin could rise in the future if demand increases.
Also Read - Bitcoin Price Faces Heavy Obstacles on Its Recovery Journey
Despite the recent correction, many analysts remain optimistic about the long-term outlook for Bitcoin. Some market experts predict that the current bull run could extend longer than usual. Traditionally, Bitcoin goes through four-year cycles, but this time, analysts at Bernstein believe the rally might last until 2027.
Their Bitcoin price prediction suggests that the price of Bitcoin could rise to $200,000 within the next 6 to 12 months if current trends continue. Others are even more optimistic, expecting Bitcoin to touch $250,000 by 2026, driven by strong institutional buying, regulatory clarity in the United States, and growing global adoption.
No bitcoin price analysis is complete without considering the broader economy. The U.S. Federal Reserve’s policies remain one of the biggest influences on investor sentiment. Recently, Fed Chair Jerome Powell hinted at a softer stance on rate hikes, which initially pushed risk assets like Bitcoin higher. However, the U.S. dollar’s strength and cautious investor behavior later reversed those gains.
Going forward, the bitcoin price today will likely react sharply to upcoming Fed meetings and decisions on interest rates. If the Fed cuts rates or signals easier monetary conditions, Bitcoin could benefit as investors seek higher-risk, higher-reward assets. On the other hand, if inflation fears resurface and the Fed stays aggressive, Bitcoin might struggle to climb back above $115,000 in the near term.
In the short term, Bitcoin is expected to move within a wide range between $105,000 and $115,000. Traders are closely watching whether the $105,000 support level holds. If it does, Bitcoin may attempt to retest the $120,000 zone. If it fails, a deeper correction cannot be ruled out.
The coming weeks will be critical, as institutional flows, ETF demand, and macroeconomic conditions all converge. Retail investors should remain cautious, as sudden whale activity could spark another sharp move in either direction.
At its core, Bitcoin is a decentralized digital currency launched in 2009 by the anonymous figure Satoshi Nakamoto. Unlike traditional money, Bitcoin is not controlled by any government or central bank. Instead, it runs on blockchain technology, which records every transaction transparently.
This independence from traditional financial systems is one reason why many call Bitcoin “digital gold.” It is also why institutions are increasingly treating it as a hedge against inflation and economic uncertainty. The fixed supply of 21 million coins means that, unlike paper money, Bitcoin cannot be printed endlessly. This scarcity has always been central to the long-term bitcoin price prediction models.
Also Read - Bitcoin vs. Altcoins: Key Lessons from the Latest Crypto Crash
The bitcoin price today is around $110,000, which shows that the market is in a delicate balance. On one hand, institutional buying and shrinking supply support the idea of higher prices in the long run. On the other hand, short-term pressures like ETF outflows, whale sell-offs, and uncertainty about U.S. monetary policy are keeping traders nervous.
The price of Bitcoin could still test $105,000 before the next rally begins, but its long-term potential remains strong. For anyone asking “what is Bitcoin” or why it matters, the answer lies not just in its price movements, but in its role as a new kind of global financial asset. While short-term traders focus on daily swings, long-term investors are betting that Bitcoin will continue to rise as adoption grows worldwide.
In short, Bitcoin is at a turning point once again. Whether it climbs back toward $120,000 or dips below $105,000, one thing remains certain: the world is watching the price of Bitcoin, and every move today shapes the future of digital finance.
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