Bitcoin (BTC) Price Prediction: Bulls Defend $110K but ETF Outflows Keep Pressure Ahead of Q4
Bitcoin is trading around $111,500, down marginally after testing the $110,900 zone on Wednesday. The latest pullback reflects a mix of seasonal weakness and persistent ETF outflows, keeping traders cautious ahead of September.
Historically, August and September have been among Bitcoin’s weakest months, with an average September return of –3.7%, according to Coinglass data. Yet the market narrative is split: some see this as a final shakeout before a strong Q4, while others fear deeper losses if support breaks.
With whale flows, sovereign mining developments, and technical levels converging, Bitcoin is approaching a critical decision point. The next few days could dictate whether bulls can stabilize above $110K or if sellers force a deeper correction.
Bitcoin Price Holds Firm Near Lower Channel Support
On the daily chart, BTC is holding the lower bound of its ascending channel, anchored around $110,800–111,000. This level also aligns with the 100-day EMA at $110,793, giving bulls a technical cushion.
Momentum, however, has weakened. The RSI sits at 41.8, reflecting …
The post Bitcoin (BTC) Price Prediction: Bulls Defend $110K but ETF Outflows Keep Pressure Ahead of Q4 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction: Bulls Defend $110K but ETF Outflows Keep Pressure Ahead of Q4
Bitcoin is trading around $111,500, down marginally after testing the $110,900 zone on Wednesday. The latest pullback reflects a mix of seasonal weakness and persistent ETF outflows, keeping traders cautious ahead of September.
Historically, August and September have been among Bitcoin’s weakest months, with an average September return of –3.7%, according to Coinglass data. Yet the market narrative is split: some see this as a final shakeout before a strong Q4, while others fear deeper losses if support breaks.
With whale flows, sovereign mining developments, and technical levels converging, Bitcoin is approaching a critical decision point. The next few days could dictate whether bulls can stabilize above $110K or if sellers force a deeper correction.
Bitcoin Price Holds Firm Near Lower Channel Support
On the daily chart, BTC is holding the lower bound of its ascending channel, anchored around $110,800–111,000. This level also aligns with the 100-day EMA at $110,793, giving bulls a technical cushion.
Momentum, however, has weakened. The RSI sits at 41.8, reflecting …
The post Bitcoin (BTC) Price Prediction: Bulls Defend $110K but ETF Outflows Keep Pressure Ahead of Q4 appeared first on Coin Edition.
Читать больше