{"id":8988,"date":"2025-08-27T10:49:04","date_gmt":"2025-08-27T10:49:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-bitcoin-price-is-crashing-below-110k\/"},"modified":"2025-08-27T10:49:12","modified_gmt":"2025-08-27T10:49:12","slug":"heres-why-bitcoin-price-is-crashing-below-110k","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-bitcoin-price-is-crashing-below-110k\/","title":{"rendered":"Here\u2019s why Bitcoin price is crashing below $110k"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price dropped below the $110,000 threshold again today after it made an attempt to climb past $110k. Analysts discovered that the 30-day moving average has fallen to its lowest level.<\/p>\n<div id=\"cn-block-summary-block_07a93681d5b93f0771559111388ad8ad\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin price fell below $110,000 ass its 30-day moving average plummets to the lowest level since 2018.<\/li>\n<li>The downward trend may be a result of the Fed-fueled rally coming to a close, as BTC faces significant selling pressure.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On August 27, Bitcoin (BTC) price fell from its earlier peak at $117,279 last Friday and stood around $109,526, slipping beneath the $110,000 threshold in what can only be described as a flash crash. It is currently trading hands at around $110k as it attempts to climb back to earlier levels.<\/p>\n<p>Not only that, the 30-day moving average for the buy or sell ratio has hit its lowest level since May 2018, as <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/cryptoquant_com\/status\/1960595108807450878\">noted<\/a> by Crypto Quant analysts. This could indicate that the Bitcoin market is facing significant selling pressure in the short term.<\/p>\n<p>While optimism around potential U.S. interest rate cuts from the Fed Chair\u2019s Jackson Hole speech briefly fueled Bitcoin\u2019s rally earlier this month, that momentum has now faded. Without a fresh catalysts, Bitcoin could retest the $100,000 level or lower before finding stability again.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price chart in the past few hours shows a drop in 30-day Moving Average | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/klwkjTNu\/?symbol=COINBASE%3ABTCUSD\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>As seen on the chart, Bitcoin price experienced a steady decline, breaking well below the 30-day moving average which acted as resistance throughout the downtrend. <\/p>\n<p>This bearish trend persisted until it reached a low near $110,200 before showing signs of a potential reversal. Bitcoin price has since rebounded sharply, breaking out of the descending channel and climbing above the MA marked by the blue line. It is currently trading around $110,938.<\/p>\n<p>Meanwhile, the Relative Strength Index shows an oversold condition around the bottom of the price move, followed by a strong upward momentum. So far, the RSI has crossed above the 70 level, currently reading 70.82, suggesting the asset is now in overbought territory. This could indicate a short-term exhaustion of bullish momentum, possibly leading to a brief pullback.<\/p>\n<p>However, the strong rebound and the breakout from the channel suggest bulls are regaining control, and if the price holds above the MA, a potential recovery could be anticipated.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why did Bitcoin crash briefly?<\/h2>\n<p>Just before the crash, the RSI reached a peak of over 70, indicating that Bitcoin was in the overbought zone. This likely triggered profit-taking and short-term traders exiting positions, which accelerated the drop.<\/p>\n<p>Considering the rally had run out of steam after the Fed\u2019s speech, the declining trend on Bitcoin price continued until buying interest was revived around the $110,200 mark. Not long after it entered oversold territory, it was able to recover briefly from the temporary dip.<\/p>\n<p>The crash itself was also driven large whale sell-off that triggered the flash crash and mass liquidations across the market. On August 26, a single wallet reportedly <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-crashes-below-110000-after-whale-sold-24000-btc\" target=\"_blank\">sold<\/a> around 24,000 BTC, sparking forced liquidations of more than $940 million in Bitcoin, Ethereum, and other cryptocurrencies<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price dropped below the $110,000 threshold again today after it made an attempt to climb past $110k. Analysts discovered that the 30-day moving average has fallen to its lowest&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8988"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8988\/revisions"}],"predecessor-version":[{"id":8989,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8988\/revisions\/8989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8736"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}