The current chart of the leading cryptocurrency shows similarities to the pattern observed in the second quarter, when the asset reached an all-time high of $112,000 before dropping to $98,000. This was highlighted by CryptoQuant contributor Cas Abbe.
“[There were] similar lower lows and capitulation, which made everyone think ‘it’s all over’. Moreover, Bitcoin even fell below the trend line — this could happen again. I know many of you are scared, but all you need to do is hold your positions,” the expert wrote.
Meanwhile, a trader known as BitBull announced the approach of a local bottom in the crypto market.
$BTC is now getting closer to the bottom.
There is still a chance of $106K-$108K level retest, but for now I’m expecting a bounceback.
Coinbase Bitcoin Premium turned positive during bottom and long liquidations were huge.
This shows that max. pain is here and a short rally is… pic.twitter.com/HsTTyiHs6i
— BitBull (@AkaBull_) August 26, 2025
According to his forecast, digital gold could still plummet to $106,000–108,000.
“Coinbase Premium turned positive during the bottom, and long liquidations were huge. This indicates that maximum pain is over, and a short rally is expected,” added BitBull.
A user known as Mister Crypto pointed to the accumulation of significant liquidity above the $115,000 levels, implying an imminent short squeeze.
$BTC liquidity is piling up on top.
SHORT SQUEEZE INCOMING! pic.twitter.com/qYjzkozfxv
— Mister Crypto (@misterrcrypto) August 26, 2025
At the time of writing, Bitcoin is trading around $110,000, having dropped 3% over the past seven days.
Back in mid-August, digital asset investment products lost $1.43 billion.