Today, the price of Bitcoin is around $110,200, which is close to where it was before it fell below its multi-month rising trendline for the first time since April. From the $124,000 area, sellers pushed BTC lower, which caused a sharp rejection that broke the bullish channel. Spot inflows have also turned negative, with $44 million in net outflows recorded on August 26. This shows that investors are being careful after the recent rally. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) On the daily chart, BTC has slipped out of its rising structure, breaking below the $112,000–$113,000 support band. Price is now testing the $109,800–$110,500 region, which lines up with prior liquidity and demand zones. A sustained close below $110K would confirm a deeper retracement toward $108,000, while recovery above $112,000 would be needed to restore short-term momentum. BTC price dynamics (Source: TradingView) The Smart Money Concepts chart highlights a recent change of character (CHoCH) below $112,500, with price dipping into imbalance zones near $109,500. This indicates that sellers remain in control unless the weak high near $1… The post Bitcoin Price Prediction: Why Is The BTC Price Going Down Today? appeared first on Coin Edition .
