Basic Points:
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Bitcoin faces problems recovering from DIP to $ 112,000 because entrepreneurs are in agreement with the odds of a fresh sink.
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NASDAQ’s performance is on the radar because RSI’s excessive heat conditions increase concerns to a knock-on impact.
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An old Federal Reserve officer places a faster reduction in the interest rate on the table.
Bitcoin (Btc) attempted to hold $ 113,000 to support on Wednesday while entrepreneurs came up for BTC price weakness in Q4.
BTC’s new target prices include $ 108,000
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD walking near the sun -opening level.
Pairs only saw a moderate rebound from its falling to its lowest level to Almost two weekswith $ 111,600 currently supporting.
Commenting on the latest price action, market participants focus on likely bounce levels in the event of a fresh sink.
“I’m interested in seeing if $ BTC will hold important levels for support. If that’s the case, then $ 115k upward is the next clear point of resistance,” Crypto businessman, analyst and businessman Michaël van de poppe Reply In X.
“If not? Maybe another cascade in the $ 106-108k-> Max Buy Zone.”
Famous businessman Bitbull also had a fall on the radar, with a 100-day exponential transfer of average (EMA) of particular interest.
“$ BTC has bounced back from the daily level of the EMA-100. But you can also see further disposal,” he said X Suns followers.
“Last time, BTC lost to this level resulting in a capitulation. In the coming Q4, I think whales will try to push BTC below this level to create max pain.”
Meanwhile, crypto businessman Ted PillowRSI).
“The $ Nasdaq Daily RSI has reached 78, the highest level since July 2024,” he noticed.
“Last time the Nasdaq Daily RSI was high, a 17% dump occurred in 2-3 weeks. And since the crypto is very relevant to Nasdaq, a dump happens to $ BTC and Alts too.”
A 17% copycat retracement from current prices will put BTC/USD around $ 94,000.
Bowman saw “faster speed” on fed rate cuts
Fresh hints of a cut of interest rate from the US Federal Reserve are not enough to improve the mood.
Related: Biggest long extermination of the year: 5 things to know in bitcoin this week
They are coming in the form of a speech Vice Chair for Supervision Michelle Bowman, where he warned that the Fed was at risk of “behind the curve” in the cuts.
“In my view, recent data, including estimated revisions at the payroll work benchmark, show that we are at a serious risk of being behind the curve in addressing bad conditions in the labor market,” he told the 2025 Kentucky Bankers Association annual convention in Asheville, North Carolina.
“If these conditions continue, I am concerned that we will need to adjust the policy at a faster speed and at a larger degree forward.”
Earlier, Cointelegraph reported In a review from former Bitmex CEO Arthur Hayes, he argued that US President Donald Trump would use Fed Fed officials to influence the policy.
Trump has Vocally demanded Rate cuts throughout 2025, even threatening the fire chair Jerome Powell on the issue. Powell himself was speaking at the Greater Providence Chamber of Commerce 2025 Economic Outlook Luncheon in Warwick, Rhode Island, eventually Tuesday.
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