- Bitcoin needs a weekly close above $114,000 to reaffirm bullish strength.
- Failure to hold $112,000 support could trigger a drop toward $103,700.
- Analysts highlight that $114,000 is the decisive level between a recovery and an extended pullback.
- Current liquidation clusters suggest potential liquidity grabs near $104,000.
Why Bitcoin Price Must Reclaim $114,000
Bitcoin is on track for its third consecutive week of losses, trading 11% below its August 14 all-time high of $124,500, according to data from Cointelegraph Markets Pro and TradingView.
The flagship cryptocurrency lost its crucial $114,000 support level, which had held firm for the past six weeks. Traders warn that unless BTC reclaims this level as support, the market could see a deeper correction.
Also Read: Bitcoin Price Forecast: ChatGPT-5 Predicts Drop Below $100,000 in September 2025
YouTuber and trader Sam Price emphasized the importance of this level, stating:
“Bitcoin bulls are defending $109K support nicely. A weekly close above $114K would be big.”
The long wick rejection near $109,000 shows strong buying pressure, but analysts caution that turning $114,000 into resistance would extend Bitcoin’s pullback.
Analyst Insights on the Bearish Scenario
Crypto analyst Rekt Capital highlighted that reclaiming $114,000 is crucial to avoid prolonged downside pressure:
“All it comes down to is Bitcoin Weekly Closing above $114K for bullish bias.”
Similarly, Michael van de Poppe, founder of MN Capital, noted that $112,000 remains a crucial level, warning that failure to hold it could trigger a market-wide correction.
As of Friday, Bitcoin fell below this level, validating a bear flag pattern on the four-hour chart. The setup points to a potential move toward $103,700, representing a 6% decline from current levels.
The Relative Strength Index (RSI) also remains below the midline, suggesting bearish momentum is firmly in play.
Bear Flag Breakdown: Targeting $103K
The bear flag’s rejection at $114,000 resistance and drop below $112,000 support signals seller dominance. According to liquidation data, there are bid clusters down to $104,000, indicating that BTC may dip further to absorb liquidity before staging a rebound.
For bulls to regain control, Bitcoin must close the week above $114,000, flipping this level into strong support. Otherwise, traders brace for an “ugly” correction toward $103,000–$104,000.
Bitcoin’s immediate future hinges on how it reacts around the $112K–$114K range. A decisive weekly close above $114,000 would reinforce bullish momentum and possibly reignite the push toward all-time highs. On the other hand, failure to reclaim this zone could open the door for a significant correction, with eyes on $103,700 as the next downside target.
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