-
Bitcoin Holding at Key Support-Level
Bitcoin is on watch this week following the consolidation we’ve seen following the recent correction lower. The futures market dropped from highs of almost $125k in mid-August to test support at the $108,855 level. While this region holds, the broader bull trend remains in place and focus is on a trend resumption and a fresh move higher. Should we drop below this level, however, risks of a deeper move are seen. Given the drop lower we’ve seen in USD on the back of Friday’s jobs data, the macro-backdrop remains supportive for BTC and, for now, risks look skewed towards a fresh phase of buying. However, ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cointelegraph.com | Sep 7, 2025
Bitcoin returned above $111,000 into Sunday’s weekly close as analysis saw “promising” recovery signs. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% on the day to hit local highs of $111,369. The pair’s latest dip, which followed US macroeconomic data, saw bulls preserve $110,000 support. “This is actually promising on ...
From dailyforex.com | Sep 8, 2025
The Bitcoin market rallied a bit during the course of the trading session on Friday, but at the Non-Farm Payroll Announcement has been horrific, with the United States adding just 22,000 jobs during the month of August, instead of the expected 75,000. This has been a major “risk off” trading session, which will have a major influence on whether or not ...
From fxstreet.com | Sep 7, 2025
September usually considered a bearish month for crypto. But this time bull cycle is not something like before. As we know Black Rock, Micro Strategy, Fidelity and many other big institutions are in the crypto market. On the other hands governments are also considering BTC and other major crypto currencies as their strategic reserved. Do you know big ...
