AI Model Issues Warning: Bitcoin Could See Sharp Decline This Summer

Okay, here's a refined version of the article, focusing on clarity and readability, while preserving the original structure and the placeholder:

Bitcoin Faces Critical Support Test: Potential for Sharp Decline?

Currently trading around $117,000, Bitcoin is testing a crucial support level near $116,000. Failure to hold this level could trigger a decline, potentially pushing the price toward $105,000 or even below $100,000 by late August or early September 2025.

Analysis, including insights from AI models, highlights key risks to Bitcoin's price. These include a potential slowdown in ETF inflows and broader market weakness. The recent rally to over $123,000 was largely fueled by demand for spot ETFs, with a significant $130.8 million inflow recorded on June 25th. While Citi analysts project a base case of $135,000 by year-end, they also caution that a bearish scenario could see BTC dip as low as $64,000.

The analysis also points to Bitcoin's increasing correlation with the S&P 500, suggesting that broader economic downturns could negatively impact BTC. Furthermore, regulatory actions or security breaches are identified as potential triggers for further price declines. Estimates suggest a 30–40% probability of BTC falling below $100,000 in the coming months.

Crypto analyst Michaël van de Poppe has identified $116,800 as a key support level to watch. Maintaining price stability above this level could pave the way for a move towards $119,900. Conversely, a break below this support could present accumulation opportunities in the $110,000–$112,000 range.

As of the latest update, Bitcoin is trading near $117,970, showing a slight increase on the day, but remains under pressure within this critical trading range.