Bitcoin is at the moment at $109,086, up 0.50% within the final 24 hours, with a day by day buying and selling quantity of $43.49 billion. Market cap is $2.17 trillion. Nonetheless not a backside but in accordance with sentiment indicators.
In keeping with Santiment, mentions of “purchase the dip” on social media are surging as Bitcoin approaches key ranges. Traditionally, this implies sellers are usually not finished but. A real backside is characterised by investor fatigue, capitulation, and no shopping for curiosity. We don’t see that but.
This implies Bitcoin may nonetheless see some short-term strain earlier than a sustainable reversal. For merchants, this implies being cautious as liquidity traps are doable within the subsequent few weeks.
Bitcoin (BTC/USD) Technical Outlook and Key Ranges
Since mid-August, Bitcoin has been in a descending channel and has not damaged above the higher boundary, preserving Bitcoin worth prediction bearish. On the 2-hour chart, BTC is consolidating at $109,000 after testing the $107,300 help stage.
The 50-day SMA is at $110,340, and the 200-day SMA is at $114,136. Resistance to clear for a bullish transfer.
Momentum is blended however bettering. RSI is at 47 after being oversold. The MACD stays detrimental, however the histogram is narrowing. Merchants are additionally watching a cluster of spinning high candlesticks at help.
These patterns usually precede development reversals when quantity confirms.
First resistance is at $111,350. If that’s cleared, we may see $113,500 and the 200 SMA at $114,136. Above that, and we’re on our method to $115,700. If not, we may see $107,300, then $105,150, after which $103,350.
Medium-Time period Forecast and Commerce Setup
The present setup is uneven. If worth breaks out of the channel, momentum can shift rapidly, and we may see $130,000 within the medium time period. Traditionally, these consolidation phases have led to vital rallies, as seen in earlier bull cycles.
Bitcoin holds above $109K as “purchase the dip” chatter spikes. On-chain indicators trace at a liquidity hunt earlier than the following breakout. Key resistance: $111,350. #Bitcoin #BTC pic.twitter.com/Mk7UYwwwTM
— Arslan Ali (@forex_arslan) August 31, 2025
For merchants, a setup includes expecting a breakout above $111,350, accompanied by RSI energy and a MACD crossover. Entry on a confirmed retest could possibly be $113,500 within the quick time period and $115,700 on the secondary stage. If the worth breaks down, a stop-loss order beneath $107,300 may assist handle danger if bearish strain intensifies.
Whereas we needs to be cautious, the bigger Bitcoin cycle stays intact. With provide capped at 21 million BTC and establishments nonetheless rising their curiosity, this consolidation might not be the top, however relatively a staging floor for the following large rally. For long-term buyers, this could possibly be the buildup section earlier than we hit six figures.
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