3 hours ago
Key points:
Bitcoin sees a caller circular of selling astatine the Wall Street open, taking the terms toward $108,000.
Multiweek lows travel acknowledgment to whales offloading ample tranches of BTC.
US ostentation information fails to connection immoderate respite to bulls contempt precocious likelihood of an interest-rate cut.
Bitcoin (BTC) deed caller multiweek lows aft Friday’s Wall Street unfastened arsenic statement favored a driblet toward $100,000.
BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin bulls pin hopes connected RSI divergence
Data from Cointelegraph Markets Pro and TradingView confirmed regular losses of astir 4% BTC/USD, which reached its lowest levels since July 8.
Whale selling unit had been to blasted earlier connected the day, with organisation connected the largest planetary exchange, Binance, compounding the downside.
CoinGlass Data enactment 24-hour crypto liquidations astatine astir $540 cardinal astatine the clip of writing.
Crypto liquidations (screenshot). Source: CoinGlassMarket observers identified terms successful a cardinal reversal zone.
“Good country to support watching. Right connected apical of the erstwhile scope & consolidation area,” fashionable trader Daan Crypto Trades noted successful a post connected X.
BTC/USDT perpetual declaration one-day chart. Source: Daan Crypto Trades/XFellow trader Crypto Caesar had akin levels connected the radar, with Bitcoin failing to reclaim $112,000 arsenic support.
— Crypto Caesar (@CryptoCaesarTA) August 29, 2025Earlier, Cointelegraph reported that $114,000 is indispensable for the bulls arsenic a play adjacent threshold.
With small optimism, lone low-timeframe comparative spot scale (RSI) cues offered airy astatine the extremity of the tunnel.
As noted by fashionable crypto commentator Javon Marks, the four-hour illustration continued to sphere a bullish RSI divergence. This involves RSI making higher lows portion terms makes little lows, and tin signifier an aboriginal denotation of an upside reversal.
“$BTC (Bitcoin), inactive coming disconnected of a confirmed Bullish Divergence tin inactive person a immense reversal backmost up to $123,000 successful the works,” Marks argued.
“This means that contempt the existent action, we could spot a astir +15% determination backmost adjacent the All Time Highs…”
BTC/USD four-hour illustration with RSI data. Source: Cointelegraph/TradingView
Fed watchers tense again aft PCE numbers
Both seasonality and macroeconomic factors continued to play a relation successful weakening terms action.
Related: BTC bull tally implicit astatine $111K? 5 things to cognize successful Bitcoin this week
September is traditionally Bitcoin’s weakest month, with markets besides wary of US ostentation markers.
BTC/USD monthly returns (screenshot). Source: CoinGlassThe Federal Reserve’s “preferred” ostentation gauge, the Personal Consumption Expenditures (PCE) Index, deed expectations connected the time portion adding to an ostentation rebound.
Despite this, information from CME Group’s FedWatch Tool confirms, markets inactive saw the Fed cutting involvement rates successful September — a cardinal tailwind for crypto and hazard assets.
Fed people complaint probabilities for September FOMC meeting. Source: CME GroupReacting, trading steadfast Mosaic Asset warned that the scenery could inactive alteration based connected information into the Sept. 17 decision.
“Outlook for complaint cuts could beryllium successful jeopardy if adjacent week’s payrolls are stronger than expected,” it told X followers.
This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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