Key factors:
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Bitcoin sees a recent spherical of promoting on the Wall Street open, taking the worth towards $108,000.
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Multiweek lows come because of whales offloading massive tranches of BTC.
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US inflation knowledge fails to supply any respite to bulls regardless of excessive odds of an interest-rate lower.
Bitcoin (BTC) hit new multiweek lows after Friday’s Wall Street open as consensus favored a drop towards $100,000.
Bitcoin bulls pin hopes on RSI divergence
Data from Cointelegraph Markets Pro and TradingView confirmed day by day losses of almost 4% BTC/USD, which reached its lowest ranges since July 8.
Whale promoting strain had been accountable earlier on the day, with distribution on the biggest world trade, Binance, compounding the draw back.
CoinGlass Data put 24-hour crypto liquidations at almost $540 million on the time of writing.
Market observers recognized value in a key reversal zone.
“Good space to maintain watching. Right on prime of the earlier vary & consolidation space,” common dealer Daan Crypto Trades famous in a put up on X.
Fellow dealer Crypto Caesar had comparable ranges on the radar, with Bitcoin failing to reclaim $112,000 as assist.
$BTC – #Bitcoin didn’t regain the 112K zone with full conviction.
I’m watching these two zones. They need you to assume this cycle is over. pic.twitter.com/6DmoixRGsK
— Crypto Caesar (@CryptoCaesarTA) August 29, 2025
Earlier, Cointelegraph reported that $114,000 is crucial for the bulls as a weekly shut threshold.
With little optimism, solely low-timeframe relative power index (RSI) cues supplied mild on the finish of the tunnel.
As famous by common crypto commentator Javon Marks, the four-hour chart continued to protect a bullish RSI divergence. This includes RSI making larger lows whereas value makes decrease lows, and may type an early indication of an upside reversal.
“$BTC (Bitcoin), nonetheless coming off of a confirmed Bullish Divergence can nonetheless have an enormous reversal again as much as $123,000 within the works,” Marks argued.
“This implies that regardless of the present motion, we might see a virtually +15% transfer again close to the All Time Highs…”
Fed watchers nervous once more after PCE numbers
Both seasonality and macroeconomic elements continued to play a task in weakening value motion.
Related: BTC bull run over at $111K? 5 issues to know in Bitcoin this week
September is historically Bitcoin’s weakest month, with markets additionally cautious of US inflation markers.
The Federal Reserve’s “most popular” inflation gauge, the Personal Consumption Expenditures (PCE) Index, hit expectations on the day whereas including to an inflation rebound.
Despite this, knowledge from CME Group’s FedWatch Tool confirms, markets nonetheless noticed the Fed chopping rates of interest in September — a key tailwind for crypto and threat belongings.
Reacting, buying and selling agency Mosaic Asset warned that the panorama might nonetheless change primarily based on knowledge into the Sept. 17 determination.
“Outlook for price cuts may very well be in jeopardy if subsequent week’s payrolls are stronger than anticipated,” it instructed X followers.
This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.
