Bitcoin Price Falls Below $115,000: Is a Breakdown Coming?

Bitcoin (BTC) experienced a significant drop below $115,000 on Monday, August 18, 2025, marking the end of a two-month bull run. This decline followed a rapid rise to its all-time high of $124,501 just four days prior, with a 7.6% drop attributed to a breakdown from a key technical pattern known as a rising wedge. Analysts attribute this recent price movement to the expanding DeFi ecosystem and increasing institutional investment, but traders are now watching for signs of potential weakness.