BTC Fails $112K Support, Investors Shift to Bitcoin Hyper For Better ROI


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Negative Bitcoin price prediction has outweighed the BTC bulls with a drop below the $112,000 crucial support level. The price currently sits above $110k, down 1.85% in the last 24 hours, but shorter-timeframe analysis shows recovery signs. 

The correction that started on August 14th from ATH levels has established another lower low, extending the profit-taking phase.

Bitcoin price predictionBitcoin price prediction

Bitcoin price chart. Image Courtesy: TradingView

However, on the hourly timeframe, a crucial reversal base has formed. A breakout or breakdown from this zone will decide whether BTC will hold the $110k psychological support

Market analysts are closely tracking the situation, as another breakdown could expose Bitcoin to another decline. The current downturn has triggered liquidations of $276 million in the last 24 hours, leaving overleveraged traders in losses.

While the decline triggers a massive sell-off in established coins, some traders are shifting to low-cap, utility-driven tokens for potentially faster gains. Bitcoin Hyper, a layer-2 BTC project, is leading the gains with over $12 million raised in its presale. 

$110K Support in Focus After Bitcoin Slips Below $112K

Bitcoin has established a sharp reversal from a low of $108,670, with $110,000 support in focus at the moment. Currently, it is trading in $109,500-$110,500 range with demand levels setting up near the $110,000 level. 

Bitcoin price predictionBitcoin price prediction

30-min BTC chart. Image Courtesy: TradingView

On the 30-minute chart, BTC is forming a head and shoulders pattern, a common sign of reversal. The breakout level sits near $110,500, which also matches the range resistance. If BTC breaks above this point, the price could recover toward the next resistance at $112,000.

Meanwhile, analysts remain divided on the current Bitcoin price prediction, with some hinting at recovery while others expect another pullback. 

Prominent crypto analyst Lennaert Snyder recently posted his BTC analysis on the X platform. Lennaert considers the current correction as a refuel for the next upward move. According to him, a retest reversal from $106,000 or $109,000 would still keep the bullish scenario intact.

He further added that if the price doesn’t hold these support levels, the next stop could be $101,650. For bullish momentum, the price has to reclaim $116,900.

Long Bitcoin Liquidations Hit $232 Million in 24 Hours

Data from Coinglass shows that in the last 24 hours, over $232 million worth of BTC longs have been liquidated. One factor behind this sell-off was liquidations from leveraged traders who cut off their position amid this decline. 

Bitcoin liquidation chartBitcoin liquidation chart

Bitcoin liquidation chart. Source: Coinglass

Another major reason was that crypto whales, who bought Bitcoin at lower prices, sold off large volumes. Data from Lookonchain shows a Bitcoin whale who held 100,784 BTC, currently worth about $11 billion moved to liquidate part of the holdings. 

The concentration of liquidity in big whales has become a concern for retail investors, as this dumping could drive the price significantly lower. 

On the matter, Scott Melker said, “Thinner trading volumes at the weekend mean large transactions can result in amplified price swings — and there was no shortage of angry reaction on X.”

Bitcoin Price Prediction: For Next 30 Days

The long-term price outlook remains bullish, which boosts investor confidence, but investors must still deal with short-term volatility. Here’s the near-term price prediction.

Date If this support holds Prediction
31 August $110,000 $112,000
15 September $112,000 $115,000
25 September $115,000 >$120,000

 

Date If this support breaks Prediction
31 August $110,000 $108,000
15 September $108,000 $105,000
25 September $105,000 $101,000

These predictions can change quickly when momentum kicks in. Despite the correction, some smaller tokens continue to hold strong and protect their gains. One standout: Bitcoin Hyper (HYPER) is showing similar characteristics. 

Bitcoin Hyper $12 Million Presale Milestone Attracts Investors

Bitcoin HyperBitcoin Hyper

The project building the first Bitcoin layer-2 infrastructure continues to break new ground as it prepares for what could be the most significant meme infrastructure launch of the cycle. Bitcoin Hyper has raised over $12 million, showing strong investor confidence. 

Bitcoin Hyper’s “layer-2” for BTC promises to unlock $2 trillion in dormant Bitcoin liquidity for various DeFi applications like meme trading, NFT ecosystem, and much more:

  • Fast and cheap Bitcoin transactions.
  • High throughput and scalability like Solana with Solana Virtual Machine (SVM) integration.
  • Massive staking rewards
  • Viral marketing, a major driver of the price. 

The current HYPER token pricing won’t last forever, and each subsequent phase brings higher entry costs. At $0.012805, Bitcoin Hyper is trading at a massive bargain for a very limited time.





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