The price of Bitcoin today is $ 108,532 with a daily negotiation volume of $ 74.29 billion, because the price has decreased by 1.2% in the last 24 hours, with a market value of 2.16 billions of dollars with a commercial food of 19.91 million bitcoin, and traders assess the current weakness to determine if it is a sign of more losses or preparation for aposty and profit.
The price of bitcoin is stuck in a descending channel
Pessimism is greeted at the price of bitcoin Bitcoin Bitcoin for its inability to enter the line down, because it circulates in a specific and clear descending channel at the graphic level within the framework of the two hours, and the lower limit of the channel is currently tested at the level of 108.594, while the simple movement is for a period of 50 years) to re-acquire the momentum, and until then the momentum.
The failure to penetrate the level of $ 113,500 last week led to the formation of three red candles and at the beginning of the “three black crows” model, a well -known signal indicating the continuation of the sales pressure and the movement indicators confirm this reading.
- RSI: RSI: 38, the surplus sales area has not entered.
- MacD index: In depth in the red zone with the increased length of the columns, indicating the intensity of the sale.
The next Bitcoin Bitcoin movement depends on its behavior near the nearby support and resistance areas. A short-term rebound can be recorded towards the level of $ 110,000, but the simple average movement for 50 periods can limit any attempted apostasy, and the sale pressure can be renewed in the event of non-timelessness of this barrier.
#Bitcoin Strggles nearly $ 108,000, trapped in a downhill channel.
Key support: $ 107,335 → $ 105,000 zone
Resistance: $ 111,350 (50-SMA)
Breakdown = $ 103,000 test, break = $ 115,000 +#BTC #Crypto pic.twitter.com/chyz6bvie – Arslan Ali (@Forex_erslan) August 30, 2025
Important levels on the graph:
- The nearest resistance: $ 110,787 (50-SMA) and $ 111,350.
- Support levels: $ 107,335, $ 10,150 and $ 103,350.
- Rising movement: A swallowing candle greater than $ 111,350 can launch a recovery of $ 115,700.
The analysis on tradingView indicates that Bitcoin can remain confined to a corrective channel which swings between $ 107,000 and $ 112,000 until a clear penetration of the model occurs.
Possible price prospects and trading parameters
Despite short -term weakness, the price of Bitcoin remains higher than the large psychological level of $ 100,000, maintaining the larger emerging leadership. This type of correction generally represents a step of relative stability before stronger emerging movements; Traders can follow the following rules:
- The downward scenario: Speculation on the low price without simple average movement for 50 periods, while determining the loss of losses higher at the level of $ 112,000 and targeting $ 10,150-103 350.
- Scenario Amount: Speculation at a high price greater than $ 111,350 and targeting $ 115,700 and $ 118,000.
Regarding the long term, the price structure is always favorable to apostasy at the level of $ 130,000, just as it improves the macroeconomic conditions and the return of the capital. Despite the current inclination of the markets in favor of sellers, the decreases towards solid areas of support offer strategic purchase opportunities by bets on the next emerging cycle of Bitcoin.
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The Bitcoin-BTC position awaits expectations after decreasing at its lowest levels in 8 weeks: will it redire the level of $ 90,000? APPLERDIRST on Arab Cryptonews.