Bitcoin Sinks to $113K — Is a $90K Crash Coming or the Next Bull Run About to Begin?

Jakarta, Pintu News – Bitcoin (BTC) has stolen the spotlight again after a tumultuous week of macroeconomic fluctuations and conflicting statements from market figures.

Significant volatility occurred when the US Federal Reserve on Wednesday, July 30, decided to keep its benchmark interest rate on hold-a decision that left the market confused.

Then, how is the current Bitcoin price movement?

Bitcoin Price Drops 0.78% in 24 Hours

On August 6, 2025, Bitcoin was trading at $113,579, equivalent to IDR 1,861,258,327, marking a 0.78% decline over the past 24 hours. During the same period, BTC hit a low of IDR 1,847,602,878 and climbed to a high of IDR 1,886,404,789.

According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.26 trillion, with trading volume in the last 24 hours rising 10% to $59.98 billion.

Read also: Crypto Markets Rise, These 3 Altcoins Steal the Attention!

Bitcoin Threatened to Plummet in August

Adding to the turmoil in the crypto market, Robert Kiyosaki-famous author of the book Rich Dad Poor Dad and proponent of non-traditional investments-issued a grim warning.

Through his post on X (Twitter) on August 4, Kiyosaki mentioned the “August Bitcoin Curse,” where he predicted the price of the crypto could drop below $90,000.

“If Bitcoin’s ‘August curse’ is true and BTC goes down, I’m ready to double my holdings starting today,” Kiyosaki said.

He even hopes the market actually goes down so he can buy more Bitcoin.

Bitcoin Stands at Support Area, Bullish Momentum Begins to Form

In contrast to Kiyosaki’s negative predictions, some analysts still believe the market has a positive outlook.

Read also: 3 Altcoins Rumored to be Listing on Binance

One of them is Master Ananda, one of the top analysts at TradingView, who on August 3 stated that the current price movement reflects a natural consolidation phase in Bitcoin’s long-term bull cycle.

Ananda highlighted the strong support area in the range of $110,000 to $100,000, which he said serves as a psychological barrier as well as an important technical floor.

According to him, as long as the price is able to stay above $100,000 consistently, the overall bullish trend is still maintained.

However, he cautioned that if the level is broken at the weekly or monthly close, it could trigger a review of the overall market trend.

Amidst this debate, BTC investors are bracing for a crucial August. Macroeconomic pressures, public speculation from prominent figures, and historical consolidation patterns are now converging at one point. The market’s next move could determine sentiment heading into the fourth quarter of 2025.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Bitcoin August Forecast: Crash Below $90,000 or Bullish Rebound Ahead? Accessed on August 6, 2025