Bitcoin Traders Say BTC Price Must Hold $110K To Avoid Deeper Correction

Key takeaways:

• Bitcoin price needs to hold above $110,000 to avoid further losses.

• The Taker-Buy-Sell-Ratio is down to levels last seen in November 2021, when BTC price reached its cycle peak.

Bitcoin’s (BTC) price saw modest gains on Wednesday, rising 0.9% over 24 hours to trade at around $111,000.

Several analysts said the next most crucial support was $110,000, and the price must hold it to avoid a deeper correction.

“BTC is at a make-or-break level,” said Swissblock in a Wednesday post on X. 

The private wealth manager asserted that Bitcoin’s “lifeline support” sits at $110,000, a level bulls must hold to ensure a bullish trend continues.

“BTC has proven resilience above $100K, but survival above $110K will decide if the trend continues bullish or tips into structural weakness.”

Bitcoin analyst AlphaBTC shared a chart showing that the area between $110,000 and $112,000 was key for Bitcoin.

According to the analyst, a four-hour candlestick close above this area was required for the BTC price high to rebound, or a drop to $105,000 is likely. 

“Until we get a four-hour close above $112K, I still feel $105K is in play, so I will be watching that level closely.”

📈#Bitcoin game plan 📈

Lower time frame view as $BTC attempts to break back out of the June / July range.

For me, until we get a H4 close above 112K I still feel 105K is in play, so I will be watching that level closely.#Crypto #BTC https://t.co/pUUFtwwVDX pic.twitter.com/vCfRVF7s5s

— AlphaBTC (@mark_cullen) August 27, 2025

Bitcoin price is currently holding the $110,000–$112,000 support, which “remains the key battleground,” said investor and trader Crypto Storm, adding:

“As long as this zone holds, a rebound toward the highs is still possible.”

Bitcoin taker buy-sell ratio flashes a “peak” signal

Unfortunately for the bulls, several bearish signs suggest BTC may fall below $110,000 in the following days or weeks.

Bitcoin’s price has deviated about 11% from its all-time high above $124,500 reached on Aug. 14, per Cointelegraph Markets Pro and TradingView data. 

This drawdown has kept investors in the back seat, “reflecting a perception that the market may be overextended,” according to CryptoQuant analyst Gaah.

The Bitcoin Taker-Buy-Sell-Ratio, a metric gauging market sentiment, was at -0.945. When the metric dips below 1, it indicates that bears are in control of the market, and when the metric is above 1, the bulls are in control.

Currently, the indicator’s value is below its historical average, reflecting a scenario where sales have consistently outpaced buying. 

“This signals that, despite Bitcoin’s recent appreciation, the market is showing pessimism and caution,” Gaah said in a Tuesday Quicktake analysis.

The last time similar levels were observed was at the peak of November 2021, when Bitcoin reached the $69,000 range before entering a prolonged period of correction, the analyst said, adding: 

“Taker Buy Sell Ratio reinforces that the market is in a zone of attention: growing selling pressure exposes weaknesses in the bullish price structure that should not be ignored!”

Meanwhile, declining network activity, evidenced by a 13% drop in the monthly average of change-adjusted transfer volume to $23.2 billion from $26.7 billion, reinforced the bearish case for Bitcoin, per Glassnode.

The market intelligence firm said:

“A break below the yearly average of $21.6B would confirm weakening speculative activity and signal a broader contraction in onchain demand.”

However, as Cointelegraph reported, several bullish signs remain. A positive Coinbase Premium and the return of positive flows into spot Bitcoin ETFs have raised hopes of a BTC market rebound.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.