Bitcoin Risks Losing $108,000 In A Month-End Sell-Off
The post Bitcoin Risks Losing $108,000 In A Month-End Sell-Off appeared on BitcoinEthereumNews.com.
Key points: Bitcoin sees a fresh round of selling at the Wall Street open, taking the price toward $108,000. Multiweek lows come thanks to whales offloading large tranches of BTC. US inflation data fails to offer any respite to bulls despite high odds of an interest-rate cut. Bitcoin (BTC) hit new multiweek lows after Friday’s Wall Street open as consensus favored a drop toward $100,000. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin bulls pin hopes on RSI divergence Data from Cointelegraph Markets Pro and TradingView confirmed daily losses of nearly 4% BTC/USD, which reached its lowest levels since July 8. Whale selling pressure had been to blame earlier on the day, with distribution on the largest global exchange, Binance, compounding the downside. CoinGlass Data put 24-hour crypto liquidations at nearly $540 million at the time of writing. Crypto liquidations (screenshot). Source: CoinGlass Market observers identified price in a key reversal zone. “Good area to keep watching. Right on top of the previous range & consolidation area,” popular trader Daan Crypto Trades noted in a post on X. BTC/USDT perpetual contract one-day chart. Source: Daan Crypto Trades/X Fellow trader Crypto Caesar had similar levels on the radar, with Bitcoin failing to reclaim $112,000 as support. $BTC – #Bitcoin failed to regain the 112K zone with full conviction. I’m watching these two zones. They want you to think this cycle is over. pic.twitter.com/6DmoixRGsK — Crypto Caesar (@CryptoCaesarTA) August 29, 2025 Earlier, Cointelegraph reported that $114,000 is essential for the bulls as a weekly close threshold. With little optimism, only low-timeframe relative strength index (RSI) cues offered light at the end of the tunnel. As noted by popular crypto commentator Javon Marks, the four-hour chart continued to preserve a bullish RSI divergence. This involves RSI making higher lows while price makes lower lows, and can…
Filed under: News - @ August 30, 2025 5:26 am