Bitcoin Dips to $115k as Analysts Predict Deeper Pullback

TL;DR

• BTC is trading below $116k after losing over 2% of its value during the weekend.

• Altcoins are also in the red, as Ether has dropped below $4,300 after rallying above $4,700 last week.

Total Crypto Market Cap Drops Below $4 Trillion

The cryptocurrency market was bearish over the weekend, with major cryptocurrencies losing more than 2% of their value during that period. The total cryptocurrency market cap dropped below $4 trillion as BTC’s price declined to the $115k region.

At press time, Bitcoin is trading at $115,255, down 2.37% over the last 24 hours. Ether, the second-largest cryptocurrency by market cap, has dropped to the $4,200 region after failing to create a new all-time high last week.

Solana’s SOL is the worst performer among the top 10 cryptocurrencies by market cap, down nearly 6% and now risks dropping below $180. Market analysts warned of a deeper pullback as buying pressure declines.

Lark Davis predicts that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. He added that this level also lines up with the 0.5 & 0.618 Fibonacci, and the weekly EMA 20 moving up. The analyst isn’t predicting collapse but a healthy reset. His analysis suggests that if bitcoin dips, buyers could step in around that band and fuel the next leg higher.

Where is the next support for Bitcoin?

If $BTC continues to go down, it is possible to see a retest of the previous resistance zone: around $108,000 to $112,000

That level also lines up with:
- 0.5 & 0.618 Fibonacci
- Weekly EMA 20 moving up

If Bitcoin dips to that level,… pic.twitter.com/4KysToX7fL

— Lark Davis (@TheCryptoLark) August 15, 2025

Meanwhile, analyst Michaël van de Poppe believes that Bitcoin was rejected at a key resistance level near its recent highs. For this reason, he expects the market to consolidate in the near term rather than trend, with bitcoin moving sideways between a floor and a ceiling while leverage resets.

Corrections do happen, and the markets couldn't continue to move higher.$BTC rejects at a crucial level.

I think we'll test lower, and continue to act in a range before we'll break up.

Correction over? #Altcoins to go well. pic.twitter.com/2vfUP3BNWx

— Michaël van de Poppe (@CryptoMichNL) August 15, 2025

Regardless, the market is currently in the red and could face further selling pressure if buyers don’t step in.