Bitcoin is encountering a double top formation near $125,000, with $112,000 identified as a critical level that could dictate its next move. Analysts caution that a failure to hold this level might result in Bitcoin dropping below $100,000, despite its overall bullish long-term outlook. As of August 30, 2025, Bitcoin's price stands at $108,351, reflecting a 3.76% decline. Merlijn The Trader underscores the significance of the $112,000 mark, suggesting that a breakdown could lead to sub-$100,000 levels, while a successful reclaim might propel Bitcoin above $124,000. Titan of Crypto notes Bitcoin's resilience, highlighting its position above all support levels within a bullish Ichimoku cloud formation. Despite recent volatility, Bitcoin's long-term trend remains positive, having surged from $15,000 in 2023 to over $100,000 in 2025.