Bitcoin fell to his lowest levels since July 8 after Wall Street opened on Friday, with sliding prices and merchants fighting to reevaluate short -term plans.
According to Coinglass, 24 -hour cryptographic settlements approached $ 540 million as the sales pressure intensified in the main exchanges.
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Whales and exchange distribution pressure
According to the reports of the market observers, the heavy sales of large holders helped boost the fall. The operators highlighted the distribution in Binance as a key factor that worsened the losses.
Bitcoin lost almost 5% in the day, and some large accounts were linked to the sales wave that triggered stop orders and fast outings.
Popular merchants DAAN Crypto Trades indicated a “key investment zone” around recent ranges and consolidation levels.
Some experts had similar prices levels on their radar, noting that Bitcoin failed to convert $ 112,000 into support. Other voices in the market marked $ 114,000 as an important weekly closing threshold for bulls.
The divergence of RSI Alcista maintains a splinter of hope
The technical observers found a brilliant point. According to cryptographic commentator Javon Marks, the four -hour graph still shows a RSI Alcista divergence, a pattern where the RSI produces higher minimums, while the price produces lower minimums. That configuration can insinuate an early investment.
$ BTC Good area to keep looking. Just above the previous range and the consolidation area. https://t.co/weag2if6nv pic.twitter.com/y7RFTSQDIO
– Daan Crypto Trades (@dancryptto) August 29, 2025
Marks argued that Bitcoin could organize a rebound. He suggested that a movement towards $ 123,000 is possible, which would be approximately a jump of +14% of the current levels. That projection is optimistic and is based on the impulse that is quickly turned to buyers.
Macro data, seasonal weakness add winds against
Seasonality and macroeconomic data added pressure. Historically, September has been one of the weakest months of Bitcoin, and investors were closely observing inflation readings of the United States.
The preferred inflation measure of the Federal Reserve, the index of personal consumption expenses, the equalized expectations and showed signs of an inflation rebound.
Even so, the Fedwatch tool of the CME group showed the price of markets in rates cuts in September, a factor that could help risk assets such as cryptography if it is maintained.
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Range tied for now, merchants observe $ 112,000– $ 114,000
Reports have revealed that merchants focus on a narrow set of price markers. If Bitcoin can claim $ 112,000 and maintain a weekly closure above $ 114,000, the bulls would gain space to breathe.
If these levels fail, it is more inconvenient and short -term merchants could face more settlements.
For now, the market looks tight. Some technical signs point to a rebound, but the macro data and large vendors keep the cautious mood.
Both merchants and investors are closely observing the price action and close economic impressions as the United States is directed towards the key data and the Fed Decision Window on September 17.
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