Bitcoin Fall Reach $115K Amid Profit-Taking and Weak Macro Data
Bitcoin price don drop reach around $115,000, which be 6.8% drop from e Aug. 14 all-time high wey be $124,128. Fresh macro data—U.S. Producer Price Index rise pass wetin dem expect—shut hope for near-term interest rate cuts, e make risk appetite low. At the same time, big holders start to lock in gains: Binance net inflows turn positive last week, while exchange reserves grow, show say whales dey do profit-taking. Market indicators show Bitcoin dey below Bollinger Band midpoint, with critical support at $114,600 and relative strength index dey near oversold level. If e break down steady below $114,000, e fit drop go $112,000, but if e recover above $117,500, e go mean say bullish momentum dey come back. Traders suppose dey watch exchange flows, macro releases, and technical levels for clues on Bitcoin next move.
Bearish
Di tori news for Bitcoin be say e dey bearish. Na Producer Price Index wey pass wetin dem expect bin make hope for rate cut reduce, e come make risk appetite for speculative assets drop. Binance change to net inflows and exchange reserves wey dey rise mean say big holders dey sell when market dey strong. Technical indicators show say Bitcoin dey trade below Bolinger Band midpoint and RSI dey near oversold, e mean say downside fit still continue. Historically, after ATH when people dey take profit because macro headwinds, e dey cause correction of 5–10%, like we see after rallies for 2021 and early 2024. For short term, traders suppose prepare for support tests around $114,000–$112,000, while long-term investors fit see these levels as buying chance if macro conditions stabilize.