Bitcoin’s Fifth Pullback After ATH – Normal Correction or Start of Something Bigger?

Bitcoin has entered its fifth retracement since hitting new all-time highs. Here’s the key point: as long as price does not break below the previous low, this remains a healthy daily timeframe correction rather than the start of a larger bearish trend.

Upside scenarios are very clear: once 1158–1168 is broken, the short-term bounce transforms into a genuine trend reversal, opening the door for higher levels. On the downside, the 1118 zone is unlikely to be tested unless macro conditions shift dramatically.

Remember—markets don’t fall endlessly when rate-cut expectations are still alive. For Bitcoin to see a true collapse, there are only two real triggers:

1. No rate cuts this year.

2. Delayed cuts far beyond expectations.

If neither happens, every pullback is simply a rational and healthy correction in a longer-term bullish cycle.

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🔹 Market Analysis (August 16)

BTC (Bitcoin)

Key pivot: 113,780 → must see a 2–4h bullish candle close above this level to trigger continuation.

Resistance: 114,830 – 115,545 – 117,000

Bearish trigger: break of 113,825 → downside opens to 112,500 – 111,870 – 110,910

ETH (Ethereum)

Key pivot: 4,234 → requires a 2–4h close above to attempt reversal.

Resistance: 4,355 – 4,388 – 4,476

Bearish trigger: break of 4,234 → correction resumes toward 4,190 – 4,160 – 4,109

BNB (Binance Coin)

Key pivot: 848 → needs a 2–4h close above for bullish continuation.

Resistance: 884 (previous high, then open space—depends on whale flows).

Bearish trigger: failure to reclaim 848 → pullback targets 831 – 818
⚠️ Below 848, price action becomes choppy; better to avoid mid-range noise.

SOL (Solana)

Key pivot: 185 → requires a 2–4h close above to extend recovery.

Resistance: 189 – 193 – 198

Bearish trigger: break of 185 → downside into 182 – 178 – 173

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📌 Summary:
Bitcoin’s pullback is the fifth since ATH and still fits within a larger bullish correction narrative. Unless macro conditions shift, dips remain part of a healthy cycle. Watch 113,780 BTC / 4,234 ETH / 848 BNB / 185 SOL—these are today’s decision points.