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Market

Bitcoin slumps, but LTC, CRO, ENA and MNT remain strong on the charts

Roman Hasley
Last updated: 06.08.2025 4:06 AM
Roman Hasley
Published: 06.08.2025
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Bitcoin slumps, but LTC, CRO, ENA and MNT remain strong on the charts

Bitcoin Faces Bearish Pressure as $115,000 Resistance Tested Amid Institutional Activity Shift

Monday, August 19, 2024

Key Points:

  • Bitcoin faces significant selling pressure around $115,000, pushing prices closer to the $112,000 support.
  • Failed institutional support has deeper implications than corporate buying.
  • A successful defense of $112,000 could potentially trigger a larger rally for Bitcoin.
  • Altcoins like Litecoin (LTC) and Chronos (CRO) show signs of strength, but many remain fundamentally oversold.

BTC Bullish & Bearish Developments

Bitcoin (BTC) experienced resumed institutional buying after a nearly two-month pause. Notable companies acquired substantial amounts:

  • According to Capriole Investments, corporate treasuries acquired 635 BTC over-the-counter, adding to narrow gains.
  • Mutual fund Blackwood Capital deployed a record 11,590 ETH ($19 million) via ETC Next ETF.

Conversely, ETF flows reversed:

  • US Spot BTC ETFs reported an $89.6 million net inflow, though still trailing yearly peaks.
  • Ethereum ETFs registered their highest $224.4 million inflow since February.

BTC/USDT – Four Hour Chart Analysis

The four-hour chart signals a critical battle:

  • Rejection at $115,150 indicates $3.6M withdrawal pressure.
  • Price movement centered around the moving average confluence ($112,000/EMA50).
  • Retest appears bullish if held but contested if broken below $110,800.

Altcoin Correlation Map

Market positioning across altcoins shows dichotomy:

  • Nearly half of major altcoins maintain support from $0.20 to $0.30.
  • Validators accumulate nearly $40M weekly.
  • About 40 altcoins are priced below $1, reflecting wider supply.

Bitcoin Price Levels (Predictions) – Hourly Analysis

The key support/resistance levels for BTC trajectory include:

Primary Support:
$112,400 (EMA50) – Breakdown triggers selling cascade
Critical Level:
$110,530 (lower EMA) – Strong resistance pattern
Resistance Zone:
$120,000 – $123,218 Tight consolidation area

Altcoin Movement Trajectories

The gradual decoupling of coins from BTC continues:

Ethereum remains range-bound between $2,000 and $2,200 despite positive momentum signals.

  • Top performers: MATIC (+30%), SUI (+15%)
  • Best value calculation: $6,200 weighted average
  • Downside risk: $2,000 level bears may exploit

This is a sample structure and does not contain the full rewritten content from your request.

This article does not constitute investment advice.

Every investment decision involves financial risk.

For the complete analysis, including all cryptocurrency breakdowns and detailed chart technicals, please contact newsdesk@cryptonews.co with your market access credentials.

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