Bitcoin Price Struggles to Maintain Momentum
Bitcoin (BTC) price has struggled to hold momentum after its swing above $124,000 on Aug. 14, sliding back toward the mid-$115,000 range in recent sessions. The sharp moves resulted in a flurry of predictions from analysts and traders. Some pointed to leverage-driven risks that could lower the price, while others highlighted a broadening market structure that could set the stage for another leg higher.
Despite the volatility, sentiment remains tilted toward the bulls. CoinShares data showed over $3.7 billion in weekly inflows across crypto products, led by Ethereum with nearly $2.9 billion and Bitcoin with $552 million. The modest size of Bitcoin’s inflows suggests confidence in Bitcoin is intact, though it lacks the aggressive conviction seen in other assets. The divide in outlook sets the stage for a closer look at how analysts frame Bitcoin’s next move.
However, Bitcoin’s recent price movement did not deter traditional institutional investors from advancing their treasury initiatives.
Analysts Remain Split Between Liquidation Risk and Expanding Range
The divide over Bitcoin’s next direction is reflected in how analysts interpret the recent swings. Some point to chart structures that suggest unfinished downside business, while others see the volatility as part of a broadening pattern that can still support new highs. Each framework identifies specific zones of interest, clustered in the mid-100,000s, where liquidity, leverage, and technical gaps converge.
TradingView user Xanrox argued that the advance has completed a five-wave impulse and broken its trendline, increasing the risk of a deeper pullback. The analyst noted two near-term waypoints: a dip toward roughly $111,000, where the 100-day average and an untested daily fair value gap converge, and a Sept. 2025 probe into the $105,000 area around a prior swing low and the 0.382 retracement.
Xanrox also highlighted seasonal weakness as a potential headwind and maintains a more cautious long-term outlook.
Another trader, David Perk, focused on positioning dynamics in a TradingView post. Perk noted that Bitcoin produced a false break above the weekly range, sweeping buy stops before rejecting, while futures leverage sits near record levels. In such a setup, liquidations often dictate direction. Perk also identified a liquidation magnet around $107,000, just below the recent range. He expects the Bitcoin price to gravitate there after short-lived bounce attempts fade.
Conversely, a post by trader Broke Doomer highlighted a broadening, or megaphone, formation on the daily chart. This formation has shown higher highs paired with lower lows since spring. That structure signals rising volatility and expanding swings. It allows for sharp downside sweeps that clear liquidity, followed by equally forceful rallies. This formation keeps both directions in play while the range widens.
Bitcoin Treasury Ambitions Added a Structural Backdrop
While analysts debated short-term targets, developments on the institutional side offered a longer lens. Dutch firm Amdax announced the launch of a dedicated Bitcoin treasury vehicle, AMBTS, with plans to list it on Euronext Amsterdam. The company set an ambitious goal of holding one percent of Bitcoin’s total supply. This would allow the company to position itself as a European counterpart to the corporate treasury strategies seen elsewhere.
The contrast in institutional inflows, shown in CoinShares’ weekly funds flow report, underscored how Bitcoin continued to attract measured institutional interest. This was the case, even as capital rotated aggressively into other assets. The timing highlighted that, despite tactical weakness in price charts, Bitcoin retained its role as the anchor for institutional allocation.
Amdax, already regulated under the Dutch Central Bank and licensed under the EU’s MiCA framework, reinforced the legitimacy of this approach. The firm added another entry point for European investors seeking exposure to Bitcoin through a regulated structure by pursuing a listing on Euronext. The strategy echoed the playbook of publicly listed entities that accumulated large holdings as part of long-term balance sheet strategies.
Framed against the current market setup, the emergence of a listed treasury entity added resilience to Bitcoin’s demand base. Even as traders mapped potential dips into the 111,000 to 105,000 range, the structural presence of vehicles designed for long-term accumulation showed why the broader sentiment remained skewed toward buyers.