Key points:
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Bitcoin sees a new series of sales at the Wall Street Open, bringing the price to $ 108,000.
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The stockings of several weeks come thanks to the whales which unload large slices of BTC.
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US inflation data has no respite from bulls despite high chances of falling interest rate.
Bitcoin (BTC) struck new hollows of several weeks after the opening of Wall Street on Friday, because Consensus favored a drop of $ 100,000.
Bitcoin Bulls Pin hopes the RSI divergence
Cointelegraph Markets Pro and TradingView data confirmed the daily losses of almost 4% BTC / USD, which have reached its lowest levels since July 8.
The sales pressure of whales was to blame earlier the day, with the distribution on the world’s largest exchange, the Binance, aggravating the drawback.
Coinglass data put crypto liquidations 24 hours a day at nearly $ 540 million at the time of writing this document.
Market observers identified the price in a key inversion area.
“Good area to continue watching. At the top of the range and the previous consolidation area,” said popular merchant Daan Crypto, noted in a post on X.
The comrade of Crypto Caesar trader had similar levels on the radar, the Bitcoin cannot recover $ 112,000 as a support.
$ BTC – #Bitcoin did not find the 112K zone with a full conviction.
I look at these two areas. They want you to think this cycle is over. pic.twitter.com/6dmoixrgsk
– Crypto Caesar (@Cryptocaesarta) August 29, 2025
Earlier, Cointelegraph said that $ 114,000 are essential for Bulls as a weekly closing threshold.
With little optimism, only the indices of the relative resistance index (RSI) of low enclosure offered the light at the end of the tunnel.
As the popular commentator of cryptography Javon Marks noted, the four -hour picture continued to preserve an RSI bullish divergence. This implies that RSI made higher hollows while the price increases the stockings and can form an early indication of an upward reversal.
“$ BTC (Bitcoin), still from a confirmed bullish divergence can still have a huge overthrow up to $ 123,000 in progress,” said Marks.
“This means that despite the current action, we were able to see a little + 15% to return to the heights of all time …”
Fed Watchers Nervous again after the number of PCEs
Macroeconomic seasonality and factors have continued to play a role in weakening price action.
In relation: BTC Bull Run at $ 111,000? 5 things to know in Bitcoin this week
September is traditionally the lowest month of Bitcoin, the markets also distrust American inflation markers.
The “preferred” inflation gauge of the federal reserve, the personal consumer expenditure index (PCE) reached expectations that day while adding to an inflation rebound.
Despite this, the data of the Fedwatch tool of the CME group confirm, the markets have always seen the Fed reduce interest rates in September – a key wind for crypto and risk assets.
The Mosaic Asset reaction company and trade warned that the landscape could still change according to the data in the decision of September 17.
“Prices for reducing prices could be in danger if next week’s payroll is stronger than expected,” he told X subscribers.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.