The post Urgent Warning As $118K Becomes Critical appeared on BitcoinEthereumNews.com.

The crypto world is abuzz with a pressing question: Can Bitcoin (BTC) hold its ground? Recent crypto analysis points to a critical junction for the leading digital asset, particularly concerning a key Bitcoin support level. This isn’t just a random number; it’s a price point carrying significant weight for the entire BTC market, potentially dictating its immediate future trajectory. Why is $118K a Crucial Bitcoin Support Level? According to analyst Crazzyblockk from CryptoQuant, the $118,000 mark is a pivotal area. He highlighted this in a recent post, emphasizing its profound importance. This specific level represents the average entry price for a substantial cohort of investors who purchased Bitcoin over the past month. This metric, derived from on-chain data, offers a unique insight into the market’s underlying structure. These investors collectively hold approximately 1.69 million BTC, a significant portion of the circulating supply. Their collective average entry price at $118,000 transforms this figure into a psychological and technical barrier. A sustained fall below this point could trigger widespread selling, as these recent buyers might look to minimize potential losses, creating a domino effect. Understanding the Investor Sentiment Behind This BTC Market Mark When a large segment of investors buys at a particular price, that level often functions as strong support. It clearly indicates where many market participants perceive Bitcoin price to offer genuine value. Therefore, the $118,000 level is not merely a technical indicator; it powerfully reflects a collective investor sentiment. If the price drops below this average entry point, it means these recent buyers are effectively “underwater,” facing unrealized losses. This situation frequently leads to increased selling pressure, as investors might panic, face margin calls, or be compelled to liquidate their positions to prevent further erosion of capital. Conversely, if Bitcoin successfully defends this crucial Bitcoin support, it could instill…

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Filed under: News - @ August 18, 2025 1:15 am