Bitcoin Faces Potential Decline If $107,800 Support Level Is Broken

Since reaching a new all-time high of $124,427 on August 14, Bitcoin has declined by 12.18%, trading around $109,000. Market analyst Yonsei_dent identifies a critical support level at $107,800 for the current bullish market structure.

Key Price Levels for Bitcoin

Current market price: approximately $109,000
Short-Term Holder (STH) average cost basis: $107,800
Average cost basis for holders 1 week–1 month: $116,400
Average cost basis for holders 1–3 months: $112,600
Average cost basis for holders 3–6 months: $93,400

The $107,800 level is crucial; maintaining this support may prevent panic selling among short-term holders. If this level fails, attention may shift to the $93,400 support area, where longer-term holders have healthier profits and stronger holding conviction.

A recovery above the $112,600–$116,400 range could restore market confidence and potentially lead back to the previous all-time high.

Current Bitcoin Metrics

Current price: $109,400
Monthly change: -5.65%
Daily trading volume: $50.48 billion (down 27.02%)
Market cap: $2.15 trillion