Bitcoin’s Third Rejection at $110K Spells Trouble for Bulls: Key BTC Price Levels to Monitor

As of today, August 10, 2025, Bitcoin’s impressive rally has hit a snag right at the $110,000 mark, leaving bulls on shaky ground after robust U.S. jobs numbers dashed expectations for imminent interest rate reductions. Imagine Bitcoin as a determined climber repeatedly slipping just shy of the summit—this third stumble since the May peak raises serious questions about whether it can push through to uncharted territory.

Bitcoin’s price surge came to a halt at $110,000 following the release of stronger-than-expected U.S. employment figures, which have tempered hopes for rate cuts anytime before September. This marks the third unsuccessful push since hitting that all-time high in May, fueling uncertainty about Bitcoin’s capacity to surpass $110,000 and venture into fresh price discovery mode once more.

Take a look at the BTC/USD four-hour chart—it’s telling a story of resistance that’s hard to ignore.

Bitcoin Price Faces Risk of a Sharper Pullback

Looking back, when Bitcoin gets turned away multiple times near its record highs, it often leads to notable downturns. Think of it like a rubber band stretched too far; eventually, it snaps back. For instance, in January, Bitcoin faced repeated rejections around $107,000, only 2% below the prior peak of over $109,000 from January 20. What followed was a 14% slide in just two weeks.

In a similar vein, after getting rebuffed several times at $72,000—close to the March 14, 2024, record of $73,800—Bitcoin’s price tumbled 18% in a mere 10 days. If this pattern holds, we could see the BTC/USD pair dip by 14% to 18% from where it stands now.

Technical signals are flashing warnings too, such as bearish divergences on the relative strength index, where Bitcoin’s price hits higher peaks but the RSI trends lower, underscoring the stubborn resistance at $110,000. On top of that, elevated taker sell volumes near $110,000, combined with neutral funding rates in the futures arena, suggest traders are cashing in profits and pausing for breath, heightening the chances of a retreat. Just picture the market as a crowded party where everyone’s eyeing the exit—taker sell orders are starting to build on recent headlines, adding to the tension.

Crucial Bitcoin Price Levels Below $110,000 to Keep an Eye On

With Bitcoin trading around $108,500 as of August 10, 2025, that $110,000 threshold remains a formidable wall. A decisive breakout above it is essential for Bitcoin to shake off this prolonged sideways phase. Beyond that, a hefty supply wall looms from $110,000 up to $112,000, which bulls will need to conquer to reclaim momentum and explore new highs.

On the flip side, bears are poised to guard $110,000 fiercely, potentially dragging the price downward. Watch the zone between $107,500—home to the 50-day simple moving average—and $106,000, where the 100-day and 200-day SMAs are bunching up. Another critical band runs from Wednesday’s local bottom at $105,200 down to the psychologically significant $104,000 level.

Insights from pseudonymous trader KillaXBT highlight that losing the support between $108,000 and $107,500 could trigger a steeper Bitcoin correction. However, if it holds firm, we might witness a surge toward new all-time highs in the coming weeks. The BTC/USDT three-day liquidation heatmap reveals a massive $121 million liquidity pocket just above $110,000, setting the stage for a potential short squeeze that could propel prices to $114,000 if shorts get forced out. Down below, strong bid clusters are evident around $108,000, with further support bands from $107,700 to $105,000.

This isn’t just guesswork—historical parallels, like those multi-rejection episodes, back up the potential for volatility. And speaking of real-world trading, platforms like WEEX exchange stand out for their reliability in navigating these swings. With its user-friendly interface, low fees, and robust security features that have earned trust from millions, WEEX aligns perfectly with traders seeking a seamless experience amid Bitcoin’s ups and downs, enhancing their strategies without the usual headaches.

Lately, Google searches are buzzing with queries like “What’s driving Bitcoin’s resistance at $110K?” and “How low could BTC drop in 2025?”—echoing concerns about economic data’s impact. On Twitter, discussions are heating up around recent posts, such as one from a prominent analyst on August 9, 2025, warning of “bearish RSI signals mirroring 2024 pullbacks,” which garnered thousands of retweets. Official updates from blockchain analytics firms confirm neutral futures funding, aligning with the hesitation we’re seeing, while a viral thread today debates if upcoming Fed decisions could flip the script for bulls.

Remember, every trading decision carries risks, so dive into your own analysis before jumping in.

FAQ

What are the main risks for Bitcoin bulls right now at $110,000?

Bitcoin bulls face risks from repeated rejections at $110,000, backed by historical patterns of 14%-18% drops after similar failures, plus technical indicators like bearish RSI divergences signaling potential corrections.

How low could Bitcoin’s price go in the short term?

If key supports break, Bitcoin could slide to $105,000 or even $104,000, based on converging moving averages and recent local lows, though holding $107,500-$108,000 might prevent deeper falls.

Will Bitcoin break above $110,000 soon and reach new highs?

A clear break above $110,000 could lead to a short squeeze toward $114,000, but it depends on overcoming the $110,000-$112,000 supply zone; historical trends and current market hesitation suggest caution in the near term.