Key points:
Bitcoin sees a new sales round on the Wall Street Open, taking the price towards $ 108,000.
The minimum of several weeks come thanks to the whales that download large sections of BTC.
US inflation data. UU. They do not offer any respite to bulls despite the high probabilities of an interest rate cut.
Bitcoin (BTC) reached new minimums of several weeks after Friday Wall Street on Friday, since the consensus favored a fall to $ 100,000.
Bitcoin Bulls Pin Waiting in the RSI divergence
Co -Intelegraph Markets Pro and Commercial view Confirmed daily losses of almost 4% of BTC/USD, which reached its lowest levels since July 8.
The whale sales pressure had been the earliest fault in the day, with the distribution in the largest global exchange, Binance, aggravating the disadvantage.
Horn The data put 24 -hour cryptographic settlements at almost $ 540 million at the time of writing.
Market observers identified the price in a key investment zone.
“Good area to continue observing. Just above the previous range and the consolidation area,” observed the popular merchant Daan Crypto Comercio in a Publish in x.
The merchant partner Crypto Caesar had similar levels in the radar, and Bitcoin did not claim $ 112,000 as support.
$ BTC – #Bitcoin The 112K zone could not be recovered with a complete conviction.
I am seeing these two zones. They want you to think this cycle is over. pic.twitter.com/6dmoixrgsk
– Crypto Caesar (@Cryptocasarta) August 29, 2025
Previously, Cointegraph reported that $ 114,000 are essential for bulls as a weekly closing threshold.
With little optimism, only the signs of the low -time relative resistance index (RSI) offered light at the end of the tunnel.
As noted By the popular cryptographic commentator Javon Marks, the four -hour table continued to preserve a RSI Alcista divergence. This implies that the RSI performs higher minimums, while the price produces lower minimums, and can form an early indication of an upward reversal.
“$ BTC (Bitcoin), which still leaves a confirmed bull divergence, can still have a large investment of up to $ 123,000 in process,” Marks argued.
“This means that despite the current action, we could see a movement of almost +15% back close to the maximum of all time …”
The nerve features again after the PCE numbers
Both seasonality and macroeconomic factors continued to play a role in weakening the price action.
Related: BTC Bull runs at $ 111k? 5 things you should know in Bitcoin this week
September is traditionally the weakest month of Bitcoin, and markets also distrust US inflation markers.
The “preferred” inflation meter of the Federal Reserve, the Index of Personal Consumption Expenses (PCE), reached the expectations of the day while adding to an inflation rebound.
Despite this, CME Group data Fedwatch tool Confirm, the markets still saw the Fed reducing interest rates in September, a key tail wind for cryptography and risks assets.
The commercial firm of Mosaic Asset reacting warned that the landscape could still change based on the data in the September 17 decision.
“The prospects for rates cuts could be in danger if next week’s payrolls are stronger than expected,” is said X followers.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
