Basic Points:
-
Bitcoin has seen a fresh sale of sale at the Wall Street Open, taking the price to $ 108,000.
-
Multiweek lows come thanks to whales that offload big BTC tranches.
-
US inflation data failed to offer any rest to bulls despite the high odds of a cut of interest rate.
Bitcoin (Btc) Press the new Multiweek lows after Wall Street Open on Friday as the consensus favors a collapse to $ 100,000.
Bitcoin Bulls Pin looks forward to the difference —a RSI
Data from Cointelegraph Markets Pro and Tradingview The day -to -day losses of nearly 4% BTC/USD, have reached the lowest level since July 8.
Whale sale pressure will be blamed earlier in the day, with distribution to the largest global exchange, Binance, combined the downside.
Coinglass The data places 24 -hour crypto liquid at about $ 540 million at the time of writing.
Market observers have identified the price in a major reversal zone.
“Good place to keep watching. Right at the top of the previous range and integration -with the place,” famous businessman Daan Crypto Trades mentioned in a Post on x.
Businessman Crypto Caesar has similar levels on the radar, which Bitcoin has not failed to recover $ 112,000 in support.
$ Btc – #Bitcoin Failed to recover the 112K zone with full convincing.
I watch these two zones. They want to think that this cycle is over. pic.twitter.com/6dmixrgsk
– Crypto Caesar (@cryptocaesarta) August 29, 2025
Earlier, Cointelegraph reported That $ 114,000 is important for Bulls as a weekly close threshold.
With minimal optimism, only the low-timeframe relative index of the relative (RSI) clues that offer light at the end of the tunnel.
Number mentioned Through popular Crypto commentator Javon Marks, the four-hour chart continues to maintain a bullish variation of RSI. This involves the RSI that produces higher lows as the price produces lower lows, and can generate an early indication of an inverted return.
“The $ BTC (Bitcoin), which still appears in a confirmed bullish change can still have a huge return up to $ 123,000 in the works,” Marks argued.
“This means that despite the current action, we will see about +15% move near all times high …”
Nervous observers again after PCE numbers
Both time -time and macroeconomic factors continue to play a role in weakening price action.
Related: BTC Bull runs at $ 111k? 5 things to know in bitcoin this week
September is traditionally The weakest month of bitcoinTogether markets also take care of US inflation markers.
The “preferred” inflation gauge of the federal reserve, the index of personal consumption (PCE), struck the day’s expectations as it increases with a rebound of inflation.
Despite this, data from CME Group’s Fedwatch tool Confirmed, markets still saw Fed cutting rates in September – a major tail for crypto and risk ownership.
Reconciting, the firm Mosaic Asset warned that the scene could still change based on the data on Sept. 17.
“The outlook for rate cuts can be dangerous if the payrolls next week are stronger than expected,” it said X followers.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
