Bitcoin Reaches $115K: Will It Hold Steady or Fall?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 18 2025
Bitcoin Price Decline: Bitcoin (BTC) fell below $115,000 on August 18, 2025, marking a 7.6% drop from its recent All-Time High of $124,501 due to a breakdown from a rising wedge pattern.
Active Addresses Decrease: The number of active Bitcoin addresses has significantly dropped, indicating that retail participation is not keeping pace with the price increases, despite BTC hitting new highs.
Short-term Holders Selling at Loss: Short-term holders of Bitcoin are realizing losses for the first time since January 2025, as the market shows signs of weakening momentum and potential correction.
Market Outlook: Bitcoin's critical support level is between $115,000 and $116,000; maintaining this level could lead to a rise towards $121,000 or $124,000, while a drop below it may push prices down to $110,000 or even $105,000.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
