2 weeks ago
Bitcoin adds to its downtrend reversal signals with a regular adjacent beyond a cardinal inclination line, but not everyone is convinced that bulls are safe.
Key points:
Bitcoin manages a regular candle adjacent extracurricular its downtrend for the archetypal clip since mid-August.
This means that a breakout should beryllium “confirmed,” according to analysis.
BTC terms expectations alteration betwixt traders, with galore inactive expecting caller lows.
Bitcoin (BTC) has a caller reversal awesome that could extremity 2 weeks of BTC terms losses, investigation hints.
BTC/USD one-day illustration with downward inclination line. Source: Cointelegraph/TradingViewBTC terms closes supra cardinal inclination line
Data from Cointelegraph Markets Pro and TradingView reveals BTC/USD closing extracurricular a downward inclination enactment for the archetypal clip since Aug. 13.
Bitcoin proponents are eager to spot confirmation that the bulk of the latest bull marketplace correction is over.
Early cues specified arsenic a bullish divergence connected the comparative spot scale (RSI) person accompanied a rebound from multiweek lows of $107,270.
Now, the full retracement from August’s all-time highs is getting challenged connected the regular chart.
As noted by fashionable trader and expert Rekt Capital, Tuesday’s regular candle sought to interruption done respective weeks of downward absorption — thing that terms yet succeeded successful doing.
“BTC is attempting to interruption its two-week aged Daily Downtrend,” helium wrote successful an X post astatine the time.
“Daily Close supra the Downtrend and/or post-breakout retest would corroborate the breakout.”
BTC/USD one-day chart. Source: Rekt Capital/XBitcoin traders oculus $112,000 abbreviated liquidations
BTC/USD circled $111,000 astatine the clip of penning Wednesday up of immoderate key US macroeconomic information prints.
Related: Bitcoin to spot ‘one much large thrust’ to $150K, ETH unit builds: Trade Secrets
Among marketplace participants, however, opinions continued to diverge implicit the destiny of the Bitcoin bull market.
Calls for a retest of $100,000 oregon lower remained, with pseudonymous trader and expert Il Capo of Crypto, known for his bearish marketplace takes, telling X followers to “get acceptable for impact” connected the day.
Get acceptable for impact.
— il Capo Of Crypto (@CryptoCapo_) September 3, 2025Many placed value connected $112,000 arsenic a absorption flip target.
“Very keen to spot what $BTC tin bash astatine this resistance,” crypto trader, expert and entrepreneur Michaël van de Poppe summarized.
BTC/USDT one-day illustration with RSI data. Source: Michaël van de Poppe/XThat country coincided with a spot of inquire liquidity connected speech bid books, arsenic flagged by CoinGlass.
“Liquidations gathering supra 112-112.4K,” fashionable trader Killa noted, with chap trader Daan Crypto Trades calling $114,000 a “major country to watch” for the aforesaid reason.
BTC liquidation heatmap (screenshot). Source: CoinGlassThis 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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