At around $117,000, Bitcoin is testing critical support near $116,000. A break below this level could push the price toward $105,000 or even under $100,000 by late August or early September 2025.
ChatGPT identified key risks, including slowing ETF inflows and broader market weakness. Bitcoin’s rally to over $123,000 was largely driven by spot ETF demand, with $130.8 million flowing in on June 25 alone. Citi analysts predict a base case of $135,000 by year-end — but also caution that BTC could dip to $64,000 in a bearish scenario.
The AI also noted Bitcoin’s increased correlation with the S&P 500, and warned that regulatory actions or security breaches could trigger further losses. It estimated a 30–40% chance of BTC dropping below $100,000 in the coming months.
Crypto analyst Michaël van de Poppe highlighted $116,800 as a key support level. Holding above it could fuel a move toward $119,900, while a drop may lead to accumulation opportunities around $110,000–$112,000.
At press time, Bitcoin trades near $117,970 — up slightly on the day, but still facing pressure in a critical range.
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